►
Description
This talk focuses on the history of blockchains in a business context as lived and told by the CEO of the first company to build a permissioned, smart contract compatible blockchain codebase (the codebase currently known as Hyperledger Burrow). There are three phases to the talk and a predominant lesson for the future of blockchain network implementations will be gleaned from each phase. In the first phase the talk will focus on the early days -- when the community of businesses seeking to utilize blockchains were vanishingly small. This phase, known as the `huh?` phase was formative for where the technology currently is. The second phase of the talk will focus on the hype driven buzz phase of the technology which drove a huge amount of top down activity. Finally, the third phase of the talk will focus on the phase the technology is just entering where all the software folks get to work.
----
Hyperledger – Open Source Blockchain Technologies
Hyperledger is an open source community focused on developing a suite of stable frameworks, tools and libraries for enterprise-grade blockchain deployments.
It serves as a neutral home for various distributed ledger frameworks including Hyperledger Besu, Fabric, Sawtooth, Indy, as well as tools like Hyperledger Avalon, Cactus and libraries like Hyperledger Aries, Ursa. Learn more about Hyperledger projects: https://www.hyperledger.org/use
Case Studies: https://www.hyperledger.org/learn/case-studies
Training & Certification: https://www.hyperledger.org/learn/training
Tutorials: https://www.hyperledger.org/use/tutorials
Webinars: https://www.hyperledger.org/learn/webinars
Events: https://www.hyperledger.org/events
Vendor Directory: https://www.hyperledger.org/use/vendor-directory
Subscribe to the Hyperledger Newsletter: https://www.hyperledger.org/newsletter
Follow-us on Twitter @Hyperledger
Learn about Hyperledger Membership: https://www.hyperledger.org/about/join
#Hyperledger #Blockchain
A
Welcome
everybody
is
everybody
having
a
good
conference
good,
so
this
talk
is
step
back
from
other
talks
that
I've
been
that
I've
given
here
with
more
of
a
technical
band,
and
this
is
this,
talk
is
structured
to
take
a
look
at
essentially
how
we
got
here
and
where
I
at
least
think
we're
going,
and
so
this
is
was
on
the
business
side
track
for
a
reason,
it's
more
a
summary
of
the
last
few
years
of
our
company
and
our
life.
Why
is
that
interesting?
A
Well,
my
company
mon
acts
we
used
to
be
known
as
eros
industries.
We
were
the
first
to
market
with
a
permission.
Well
blockchain
we
were
the
first
to
market
with
scalable
packages
of
solidity
based
smart,
smart
contracts,
we're
maintainer,
zuv,
hyper
ledger
borough
today
and
we're
a
founder
of
one
of
the
founders
of
a
network
called
the
agreements
network.
A
So
we've
been
playing
this
game
of
blocked
chains
for
business
for
quite
a
few
years
now,
and,
and
so
I
wanted
to
kind
of
think
through
how
the
last
four
years
have
gone
and
what
what
we
have
gone
through
and
what
at
least
we
have
learned
along
the
way
when
this
all
started
for
us
was
2014
at
that
time.
The
idea
of
leveraging
blockchain
technology
as
an
enabler
for
businesses
made
no
sense
to
anybody,
and
so
this
is
the
the
beginning
phase
I
like
to
call
the
face.
A
What
are
you
even
talking
about
with
this
technology
and
in
the
early
days
when
we,
when
we
first
started,
we
would
we
would
have
a
lot
of
meanings
and
those
meanings
were
very,
very
costly
and
I
remember
in
early
2015
one
of
the
companies-
that's
quite
big
in
the
space.
At
this
point
they
told
us,
you
guys
are
the
most
arrogant
startup
in
the
whole,
in
the
whole
ecosystem
and
I
was
confused
by
that
comment,
because
I,
don't
think
of
myself
as
an
arrogant
person
and
I
said
well.
A
Why
and
they
said
well,
you
won't
do
work
for
the
banks
for
free,
which
was
apparently
why
why
we
were
very
arrogant.
That
didn't
actually
make
a
lot
of
sense
to
me,
because
at
the
time
our
operating
expenditures
were
being
spent,
probably
on
the
order
of
ninety
five
percent
of
our
operating
expenditures
were
being
spilled,
spent
built
building
open
source
software.
So,
from
my
perspective,
we
were
doing
a
heck
of
a
lot
of
work
for
the
banks
for
free,
and
this
phase
was
very
Bank
focused
in
the
very
early
days
of
using
of
this
technology.
A
We
called
Aris
at
that
time
and
before
we
got
sued
by
Aris
exchange
and
had
to
lose
the
name,
and
this
open
source
tool
was
essentially
a
docker
composed
like
tool
that
made
it
easy
for
developers
to
build
things
on
their
laptop,
and
all
of
that
was
open
source
software
and
that
really
helped
as
an
educational
tool.
In
getting
the
ideas
of
what
this
technology
was
about
out
into
the
market.
A
It
made
it
a
little
bit
easier
for
folks
to
work
with
the
technology,
and
so
that
was
effective
to
a
degree
in
terms
of
education,
but
what
the
whole
ecosystem
struggled
with
in
in
these
days
was
really
about
the
value
proposition
and
in
in
this
timeframe,
a
lot
of
the
questions
that
we
would
get
and
others
in
the
ecosystem.
They
would
say
the
questions
would
be
well.
What
is
this
for?
What
is
what
are
the
use
cases
for
this,
and,
and
there
was
a
lot
of
discovery
that
was
happening-
little
proof
of
concept
top.
A
It
just
started
to
come
up
and
and
just
started
to
be
a
thing
in
2015.
Basically,
but
no
one
in
the
ecosystem,
including
us,
maybe
especially
us,
because
I'm,
a
rather
long-winded
person,
was
really
able
to
find
a
core
value
proposition,
and
this
still
is
one
of
my
biggest
concerns
with
the
blockchain
technology
community.
I
often
say,
if
you
ask
10
blockchain
errs:
what's
the
value
proposition
of
your
technology,
you'll
get
at
least
eight
answers.
A
So
I
don't
know
if
it
kicked
it
off.
I,
don't
know
if
blockchains
exclamation
point
being
on
the
cover
of
The
Economist
was
the
thing
that
absolutely
kicked
off
the
phase
2
hype
cycle,
but
it
was
certainly
a
icon
in
my
mind,
or
for
this
time
and
and
this
time
or
this
phase,
the
biggest
problem
that
we
had
was
that
it
was
incredibly
easy
to
get
distracted,
I
would
get
emails
or
or
my
business
development
team
would
get
emails
and
they
would
essentially
read
like
this.
Our
board
hi
I'm,
the
innovation
manager
of
company
X.
A
My
board
has
asked
my
CEO
what
our
blockchain
strategy
is,
and
we
don't
know
anything
about
what
blockchain
means.
Can
you
come
talk
to
us
and
tell
us
what
blockchain
means
for
our
business
and
pretty
much
any
of
us
that
had
startups
at
this
time
would
get
those
emails
constantly
and
I
called
I
took
to
calling
those
the
block
saying
block
time.
Blockchain
blockchain
exclamation
point
emails
because
everybody
was
thinking.
Oh,
we
need
to
do
block
panes.
We
need
to
do
block
chains,
but
still
it
wasn't
really
well
founded
within
the
ecosystem.
A
A
In
in
this
phase,
you
started
to
see
a
range
of
consortiums
get
spun
up,
including
this
one,
including
the
etherium
Enterprise
Alliance,
including
our
three
and
a
number
of
other
consortiums
and
the
typical
answer
that
large
companies
were
giving
about.
What
is
our
blockchain
strategy
is
that
they
would
say,
we've
joined
this
consortium,
that's
our
blockchain
strategy
for
now,
which
is
a
very
viable
answer
for
a
big
company
to
give,
but
it
doesn't
actually
really
address.
What
does
this
technology
mean
for
our
business?
A
A
lot
of
people
are
very,
very
interested
in
tooling,
and
rightly
so,
because
it
actually
matters
a
lot
developer
tools.
But
but
we
were
one
of
the
very
few
companies
that
was
really
trying
our
best
to
make
this
technology
simple
enough.
That
developer
with
a
laptop
can
spin
up
a
use
case
in
a
relatively
limited
amount
of
time,
and
and
this
was
a
phase
where
other
companies
started
to
come
on
board
and
that
whole
discussion
became
a
lot
easier.
Truffle
was
spun
up
from
the
etherium
community.
A
Composer
was
spun
up
from
the
fabric
community
and
these
tools,
along
with
other
tools,
made
it
much
more
simple
for
folks
that
were
interested
in
this
technology
and
curious
about
it
to
be
able
to
actually
do
something
and-
and
then
the
third
piece
of
this
is
what
was
happening
on
the
open-source
side
and
the
at
this
time.
Things
were
very,
very
chaotic,
hyper
ledger
was
really
just
getting
spun
up
and
and
as
it
was
getting
spun
up,
it
took
some
time
to
get
its
wheels
underneath
it.
A
The
public,
blockchain
side
of
things
was
incredibly
chaotic
as
well
and,
and
folks
were
from
both
sides
of
this
community
folks
were
trying
to
understand.
Not
only
how
does
this
technology
fit
into
my
business?
What
is
my
own
selfish
business
interest?
What
is
my
own
ecosystems
in
interest
in
this
technology,
but
then
also
how
do
I
actually
collaborate,
because
at
this
time,
there's
a
lot
of
attention
being
drove
driven
towards
the
technology,
but
there
is
not
yet
an
increased
understanding
of.
A
How
does
this
actually
fit
into
me
into
sari
into
my
business
and
and-
and
this
is
when
really
started-
a
kind
of
an
existential
crisis
started
to
come
up
and
around
this
technology.
How
do
we
use
this
thing?
What
does
this
mean
for
my
business?
Why
are
you
telling
me
that
I
need
to
share
data
at
all
and
these
questions
oftentimes
had
no,
this
isn't
my
laptop,
so
I
don't
know
the
password
to
turn
it
back
on.
A
lot
of
questions
were
being
asked
that
really,
frankly,
very
few
people
had
the
answers
to
oftentimes.
A
The
reason
for
why
people
didn't
have
an
answer
was
because
the
use
case
was
probably
not
very
good
at
all,
and
and,
as
we
are
now
sort
of
in
the
later
phases,
I
would
say
of
the
hype
cycle
and
moving
more
towards
the
the
third
phase.
I
think
we're
in
a
really
strong
position
as
a
community,
because
now
we've
overcome
a
lot
of
the
things
that
you
need
to
overcome
for
this
technology
to
really
shine
from
an
education
perspective,
it's
relatively
clear,
a
pathway
for
what
this
technology
is.
A
A
A
Someone
told
me
that
the
only
way
to
make
money
and
block
change
is
to
run
conferences
and
I'll,
be
I'll,
be
really
glad
when
we
get
beyond
that
face.
So
where
are
we
going
here?
I
call
this
the
may
fit
a
phase
for
a
reason.
I
I've
always
said
and
felt
that
this
is
really
low-level
infrastructure
technology.
They
did
not
deserve
to
be
on
the
cover
of
The
Economist,
because
it's
going
to
fade
into
the
background.
A
This
is
a
data
management
solution
that
runs
across
company
firewalls.
Okay,
great,
it
solves
a
lot
of
problems
that
companies
have
in
terms
of
coordination
great,
but
and
and
while
it's
fine,
then
we
had
to
go
through
a
hype
cycle
it.
It
really
isn't
that
productive
to
actually
getting
things
done,
because
it
adds
more
distraction,
then
it
actually
accomplishes,
and
so,
where
do
I
think
we're
going
well
I
think
we
will
we're
going
in
a
direction
where
blockchain
technology
will
be
used
extensively
across
a
range
of
use.
A
A
Sorry,
as
a
maintainer
of
a
hyper
ledger
framework,
we
we
have
noted
that
it
is
the
the
amount
of
people
that
you
can
really
onboard
onto
a
contributor
and
maintainer
pathway
is,
is
vanishingly
small,
and
if
this
technology
is
really
going
to
shine,
it
needs
to
be
much
more
addressable
bye-bye
in
increased
numbers
of
developers
and
then
the
final
thing.
That
is
something
that
we've
been
working
on
for
quite
a
few
years
in
various
flavors
of
this
is
that
public
permission,
private
I
think
that
they
will
all
connect
to
one
another,
and
it
will.
A
All
of
these
things
will
be
on
a
spectrum
for
a
lot
of
the
history
of
this
technology.
To
date,
various
sides
of
this
community
have
taken
strong
positions
and
in
opposition
to
one
another
and
essentially
have
said
you
know
the
cryptocurrency
and
the
enterprise
side
of
this
game
are
apples
and
oranges.
These
are
completely
different
things.
A
Sas
platforms
or
other
platforms
behind
within
clusters
that
are
managed
as
extra
nets
and,
and
so
this
idea
of
public
internet
routing
on
top
of
extra
nets
is
at
least
from
my
perspective,
sort
of
the
reality
of
what
the
public
internet
is
and
when
we're
able
to
connect
block
chains
into
one
another
and
programmatically
move
and
route
information
across
and
between
via
smart
contract
to
smart
contract.
Api
calls,
then
I
think
we're
going
to
be
in
the
land
of
having
something
approximating
that.
A
B
A
A
great
question
III
think
that
I
think
that
it
sort
of
depends
on
what
you
think
needs
to
move
across
the
boundaries.
What
do
we
need
to
route?
Certainly,
one
thing
that
we
will
need
to
route
in
a
world
of
interconnected
block
chains
is
authenticated,
packets
of
information
and
and
then
assets
and
and
I.
Think
of
those
two,
even
though,
probably
at
a
technical
level,
they
would
end
up
being
collapsing
on
one
another.
C
A
And
you
know,
innovation
teams
are
in
an
interesting
position
because
they
work
with
startups
all
the
time,
but
are
still
very
constrained
by
the
bureaucracy
and
the
context
in
which
they
find
themselves
and,
and
so
they
sort
of
sit
at
this
kind
of
quasi
middle
space.
Between
the
two
and
the
number
of
times
that
an
innovation
manager
has
looked
at
me
and
just
roll
his
eyes
and
say:
look
we
got
to
do
it.
This
way
is
as
many
and
so
I
think
that
would
be
probably
the
the
most
comedic
thread
that
I
could
find.