1. NEECOM – May 16, 2018 Todd L. Gould, CEO
HUMAN BLOCKCHAIN™
NEECOM – May 16, Todd L. Gould, CEO

2. Background Founded Loren Data in 1987 EDI Since 1996
X12 Board of Directors
Life Outside of EDI
© 2018, Loren Data Corp.

3. First, a Quiz
How much energy does it currently take to process Bitcoin?
Equals the entire power output of Ireland!
© 2017, Loren Data Corp.
Human Blockchain™

4. Basic Blockchain Features Components The Ledger Security
Multiple Copies
Auditable
Non-Repudiation
Security
Smart Contracts
Proof of Work (PoW)
Blocks
Chains
Hash Values
Wallets
Private Keys
Value
© 2018, Loren Data Corp.
Human Blockchain™

5. Why?
Trust
© 2018, Loren Data Corp.

6. What Can We Do with It? Monetary Transactions Chain of Custody Voting
© 2018, Loren Data Corp.

7. Our Toys Ledgers Blocks Hash Values Lego Baseplate 2x2+ Legos
Wallets
Private Keys
Green, Blue and Yellow Buckets
Matching Color Hats
Mines
Value
Red Buckets
Puppies
© 2018, Loren Data Corp.
Human Blockchain™

8. Setting Up Our Ledgers Rules Consensus Difficulty Effort = Reward
Volunteers
Three Ledger Managers
One Validator Agent
© 2018, Loren Data Corp.
Human Blockchain™

9. Mining Our First Block Rules Difficulty Uniqueness Effort = Reward
Volunteers
Three Miners
© 2018, Loren Data Corp.
Human Blockchain™

10. Our First Wallet Features Public Address (Bucket) Private Key (Hat)
Where we keep information, links, hash values, etc.
Private Key (Hat)
© 2018, Loren Data Corp.
Human Blockchain™

11. Our First Reward Features Meet “Hash” Something of Value
The reason for the blockchain
We can transfer it and track that transfer
Cryptocurrencies
Data
Objects
© 2018, Loren Data Corp.
Human Blockchain™

12. Our First Chain – Transferring Value
Features
Our Rules
Stored in blocks
Tracking
Security
Hash Values
Transfer of Value
Hat color must match bin color to move value
Majority of Ledgers must agree on Sender and Receiver
Transfer occurs with majority consensus
Minority is updated to reflect Majority
© 2018, Loren Data Corp.
Human Blockchain™

13. CONGRATULATIONS!
© 2018, Loren Data Corp.
Human Blockchain™

14. Variations Mining Higher Difficulty Scenarios One solution is now gone
Limiting pool of solutions
Not all Ledgers Match
Attempt to Move to Multiple Wallets
Lost Secret
© 2018, Loren Data Corp.
Human Blockchain™