Rethink Trust 2018: Grand Welcome, Dr. Alexy Khrabrov, Chief Scientist and Founder, By the Bay

ai.bythebay.io Nov 2025, Oakland, full-stack AI conference Scale By the Bay 2019 is held on November 13-15 in sunny Oakland, California, on the shores of Lake Merritt: https://scale.bythebay.io. Join us! ----- For all the talks in RethinkTrust.org 2018: https://chief.sc/rethinktrust2018-videos Background and summary of the conference by the founder, Dr. Alexy Khrabrov: https://chiefscientist.org Next Enterprise Blockchain Engineering track By the Bay: http://scale.bythebay.io ----- Dr. Alexy Khrabrov, the Chief Scientist and Founder, By the Bay and Rethink Trust communities, outlines the vision and ideas behind the conference. ## Netherlands: * Decentralized * Cooperative * Fintech innovation with insurance, bourse, etc * Information became money — working data ## Two key points 1. Take Back the Blockchain for Business Innovation 2. Make the Blockchain the best Working Data again ## By the Bay Hallmarks Engineering Distributed Systems Enterprise Verticals from Infra to AI 6 years 7 Meetups 10K + 50K developers IBM, Oracle,.Twitter, Apple, Google, Salesforce, Comcast Credit Karma, Pinterest, Twilio, Worksday, Coatue ## We Hold These Truths to Be Self-Evident * Blockchain is a distributed system * It is an append-only ummutable log * Same as event-sourcing systems and queues like Kafka * Consensus similar to Paxos, Raft, but adds BFT * Transactions must be flowing for “tokens” to have value * Most systems currently are not online * Enterprise expertise is required to keep them up, reliable, global, performant ## Blockchain is a Means to an End Trust, Identity…