Opening Keynote Address Thriving Through the Next Wave of Disruption - PowerPoint PPT Presentation

Opening Keynote Address Thriving Through the Next Wave of Disruption Asiff Hirji President & COO, Coinbase

Conference skews more senior career...

… and more tech and business owner

Similar to my estimated breakdown of US Jamat

Placement Placement

Quality SEO Quality

Pre-Internet era - centralized app and data Pre-Internet Pre-1995 MAINFRAME COMPUTING

Internet 1.0

Internet 1.0 era - distributed app, centralized data Pre-Internet Internet 1.0 Pre-1995 1995 to 2005 MAINFRAME DISTRIBUTED COMPUTING COMPUTING

Internet 1.0 era - obvious disruptions Pre-Internet Internet 1.0 Pre-1995 1995 to 2005 MAINFRAME DISTRIBUTED COMPUTING COMPUTING

Internet 1.0 era - obvious disruptions Pre-Internet Internet 1.0 Pre-1995 1995 to 2005 MAINFRAME DISTRIBUTED COMPUTING COMPUTING Winners leveraged inherent capabilities of Internet 1.0; Disrupted didn’t adapt

Internet 2.0

Internet 2.0 era - mobile/cloud app, centralized data Pre-Internet Internet 1.0 Internet 2.0 Pre-1995 1995 to 2005 2005 to 2015 CLOUD & MOBILE MAINFRAME DISTRIBUTED COMPUTING COMPUTING BROADBAND

I nternet 2.0 era - obvious disruptions Pre-Internet Internet 1.0 Internet 2.0 Pre-1995 1995 to 2005 2005 to 2015 CLOUD & MOBILE MAINFRAME DISTRIBUTED COMPUTING COMPUTING BROADBAND

I nternet 2.0 era - obvious disruptions Pre-Internet Internet 1.0 Internet 2.0 Pre-1995 1995 to 2005 2005 to 2015 CLOUD & MOBILE MAINFRAME DISTRIBUTED COMPUTING COMPUTING BROADBAND Winners leveraged inherent capabilities of Internet 2.0 Disrupted didn’t adapt

Internet 3.0

Internet 3.0 era - decentralized app and data Pre-Internet Internet 1.0 Internet 2.0 Internet 3.0 Pre-1995 1995 to 2005 2005 to 2015 2015 to next decade CLOUD & MOBILE DECENTRALIZED MAINFRAME DISTRIBUTED COMPUTING COMPUTING BROADBAND COMPUTING

Internet 3.0 foundational technologies Emerging Applications Machine Learning Intelligence in every Autonomous Vehicles and device Electric Powertrains will deliver Transport as a Service Virtual/Augmented Reality will 3D Printing make blended Physical and Make anything Virtual experiences the norm anywhere Globalization and on-demand service growth will make the Gig Blockchain Economy the norm Decentralized data & Asset-lite lifestyles (rent vs own) native currency for the will accelerate Subscription Internet Service economy

Transport as a service - disrupts > 25% of economy Implications ● Generation that will not drive Freedom = Phone (not car) ● On demand rolling hotel room/office. ● Much safer ● Transport costs crash ● Driver’s license no longer ID

Transport as a service - disrupts > 25% of economy Implications ● Generation that will not drive Freedom = Phone (not car) ● On demand rolling hotel room/office. Impacts >50% ● Much safer of our community ● Transport costs crash ● Driver’s license no longer ID

VR/AR - disrupts > 15% of economy Implications ● Working/planning/shopping is blended experience ● Scales teaching quality Meet and travel virtually ● ● VR better than reality ?

VR/AR - disrupts > 15% of economy Implications ● Planning/shopping is blended experience ● Scales teaching quality Impacts >20% Meet and travel virtually ● of our ● VR better than reality ? community

Gig & Subscription economy - disrupts > 20% of economy Self-Employed Implications Implications ● Professions become on-demand ● Rent rather than own Career = series of gigs Businesses become assemblages ● ● of services

Gig & Subscription economy - disrupts > 20% of economy Self-Employed Implications Implications Impacts >20% ● Professions become on-demand ● Rent rather than own of our Career = series of gigs Businesses become assemblages ● ● community of services

ML and 3d Printing - disrupts > 20% of economy Implications Implications ● Decision support and 1st line ● Print everything anywhere from diagnosis move to ML parts to organs ● Personalized prescriptions ● Personalized products with minimal supply chain Almost everything connected and ● processing

ML and 3d Printing - disrupts > 20% of economy Implications Implications ● Decision support and 1st line ● Print everything anywhere from Impacts >10% diagnosis move to ML parts to organs of our ● Personalized prescriptions community ● Personalized products with minimal supply chain Almost everything connected and ● processing

Blockchain disruption not fully understood - will be large Explaination Implications ● Costs of financial products crash ● Fundamental innovation behind Bitcoin ● Privacy shields individuals from governments and other actors ● Tamper-resistant decentralized database for storing things of value Most assets become tokenized ● and new classes of assets arise Solves 2 biggest failings of Internet ● ● New governance model ○ Users control data ● New form of ID Money built in ○

Blockchain disruption not fully understood, will be large Explaination Implications ● Costs of financial products crash ● Fundamental innovation behind Bitcoin ● Privacy shields individuals from Impacts our governments and other actors ● Tamper-resistant decentralized whole database for storing things of value Most assets become tokenized ● community and new classes of assets arise Solves 2 biggest failings of Internet ● ● New governance model ○ Users control data ● New form of ID Money built in ○

Internet 3.0 Summary Decentralized Tokenized Algorithms run most things Most assets tokenized ● ● ● Digital money and ID ● New classes of assets arise ● VR/AR pervasive ● New governance model ● New form of ID Private Shared ● Control and portability of data ● Gigs vs jobs ● Users decide what to share ● Rent rather than own Data can interact with any app Most things as a service (including ● ● transport)

Internet 3.0 Summary Decentralized Tokenized Algorithms run most things Most assets tokenized ● ● ● Digital money and ID ● New classes of assets arise ● VR/AR pervasive ● New governance model Profound ● New form of ID effects for our community Private Shared ● Control and portability of data ● Gigs vs jobs ● Users decide what to share ● Rent rather than own Data can interact with any app Most things as a service (including ● ● transport)

Internet 3.0 Internet 3.0

My advice for surviving and thriving through this wave Recognize Disruption

My advice for surviving and thriving through this wave Recognize Disruption Create New Plan A

My advice for surviving and thriving through this wave Recognize Disruption Create New Plan A Optionality -> Networks / Alliances

Thank you and good luck @asiffhirji asiff-hirji