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The Blockchain
Innovation Hub
Jason Potts
Director of RMIT Blockchain Innovation Hub
What is blockchain?
• Paper (book) ledgers record
account & trade balances,
ownership of property, taxes,
births, deaths, marriages ...
• charges, transactions, sale
of property, official events,
etc cause the ledger to be
updated
• Blockchain is a new
economic infrastructure that
enables records to be
maintained
Bitcoin blockchain
• Bitcoin blockchain solved the double
spending problem by combining five
technologies
1. Append-only databases
2. Public key cryptography
3. P2P networking
4. Game theoretic incentives
5. Consensus algorithms
What is blockchain for?
• Social consensus about truth
• Many people need to agree about facts
• “Connected computers reach agreement about shared
data”
Blockchains are new economic infrastructure
A tool not just for facilitating trade but for creating
new economies
Money, value cryptocurrency, cryptoassets
Rules code, protocols
Contracts smart contracts
Services Dapps
Exchanges DX, Cross chain atomic swaps
Monitoring hashes, Merkle trees, public blockchains
Governance consensus, forking, on-chain
cryptodemocracy
Organization DAOs
Security economic incentives
One vision of the future
An alternative vision
We’re not just innovating on production, we’re
innovating on governance
Supply chain Examples
1. Diamonds
2. Beef
3. Wine
De-commodification
• Adds value with trusted
information
• Shifts value along the supply
chain
• Premium pricing
Freedom for robots
Autonomous navigation Robots that can self-own,
in the world (IoT) earn, contract, litigate … new
economic life forms (NELF)
Technology stack
AI, 5G, LIDAR … Technology stack
Blockchain
Digital Law: Australian National Blockchain
Horizon State
• Provides communities and
enterprises with an
empowerment platform
that drives efficient
decision making
• Provides a clearer
understanding of
customer and staff
needs.
Web3
• Web3 is next generation economic
infrastructure
• Its what we’re going to build economies of the
future on
Blockchain Innovation Hub courses
• These courses will provide
The Blockchain
Economy students with an understanding
of the economic function and
Semester 1 implications of the technology.
• The RMIT Blockchain
Innovation Hub plans to ensure
that students are work-ready
Cryptocurrency
& Cryptofinance for this revolutionary new
economic technology when
Semester 2 they graduate.
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Questions?
