ブロックチェーン / Blockchain

早稲田大学商学部「サイバーフィジカル社会と金融の未来」2026 春の第8回で使用したスライドです。

Transcript

1. Generated by Stable Image Ultra 2026 8 2026 8 — 2026-06-09 – p.1/38
2. https://speakerdeck.com/ks91/collections/cyber-physical-society-and-future-of-finance ( ) 2026 8 — 2026-06-09 – p.2/38
3. ( ) 1 4 14 • 2 4 21 • 3 4 28 ( ) • 4 5 12 ( ) • 5 5 19 AI • 6 5 26 AI ( ) • 7 6 2 AI • 8 6 9 ( ) • 9 6 16 ( ) 10 6 23 11 6 30 12 7 7 13 7 14 ( ) 14 7 21 1 3 ∼ ( ) 2026 8 — 2026-06-09 – p.3/38
4. ( ) (4) : ( AI ) Hermes Agent AI AI 2026 8 — 2026-06-09 – p.4/38
5. AI a ( ) DID (Decentralized Identifiers) VC (Verifiable Credentials) a — 2026 8 — 2026-06-09 – p.5/38
6. AI ( ) 2026 8 — 2026-06-09 – p.6/38
7. JR . . . (AI) ( ) = ( / AI / ) AI 2026 8 — 2026-06-09 – p.7/38
8. ( ) ← 2026 8 — 2026-06-09 – p.8/38
9. — ެ։୆ா ެ։Ͱͳ͚Ε͹ͳΒͳ͍ ộ ຊਓ ɾૹۚه࿥ #JUDPJO ৽ͨͳ໰୊ҙࣝ ৽ͨͳ໰୊ҙࣝ ɾ"*
    ɾ"*
   ʹΑΓڧԽ͞Εͨਓؒ  ɾηϯαʔσʔλ  ɾίʔυ ɾσʔλͷมԽ ɾ࣮ߦϩά &UIFSFVN
   TNBSU
   DPOUSBDUT ݕӾͰ͖Δୈࡾऀ ͜Εɺ ه࿥͍ͨ͠Μ͚ͩͲ ͋ͳͨ͸ ॻ͍ͨΒμϝ ͜ͷ಺༰͸ ॻ͍ͨΒμϝ ॻ͍ͪΌͬͨͷʁ ͜͏ॻ͖׵͑·͠ΐ͏ ॻ͍ͯͳ͍ͷʁ ͜͏ॻ͔Εͨ͜ͱʹ ͠·͠ΐ͏ ॻ͍ͪΌͬͨͷʁ ফ͠·͠ΐ͏ %P4 ߈ܸͱ͔Ͱ ๦֐ͯ͠ࢭΊ·͠ΐ͏ 2026 8 — 2026-06-09 – p.9/38
10. Bitcoin . . . : (i.e. ) ( ) : : : ⇒ ( ) ← ↑ AI 2026 8 — 2026-06-09 – p.10/38
11. ৽ن ϒϩοΫ ܈ ௥Ճ ίετϨδελʔ෇͖ ୆ா ਖ਼౷ͳཤྺ ఏҊ͞ΕΔ৽͍͠ཤྺ ίετ େ ੎ ͕ ࢀ Ճ ݁Ռ B มߋແ͠ C ௥ه D ॻ͖׵͑ ɾ৽͍͠ཤྺ͕͜Ε·Ͱͷཤྺʹ஝ੵ͞Εͨ ɹίετΛ૿େͤ͞ΔΑ͏ͳ΋ͷͰͳ͍ͷ ɹͳΒ͹มߋ͸ੜ͡ͳ͍ɻ ɾίετ͸݁ՌతʹɺωΠςΟϒ҉߸ࢿ࢈ ݐͯͰଌΒΕΔɻ ɾ୆ாͷҡ࣋ʹࢀՃ͢Ε͹ɺ֬཰తʹେ͖ͳ ใुΛωΠςΟϒ҉߸ࢿ࢈ͰಘΒΕΔɻ ɾใुΛಘΔͨΊʹ͸ίετෛ୲ͰϚδϣϦςΟ ଆʹ͍ͳ͚Ε͹ͳΒͳ͍ɻ 2026 8 — 2026-06-09 – p.11/38
12. 4 ( ) ( ) ( ; ) ( ) 2026 8 — 2026-06-09 – p.12/38
13. Bitcoin ( ) / ( ) Bitcoin 2026 8 — 2026-06-09 – p.13/38
14. (1) , (2014) : 2026 8 — 2026-06-09 – p.14/38
15. (2) Kalle Rosenbaum , , — (2020) : 1 2026 8 — 2026-06-09 – p.15/38
16. Bitcoin ϏοτίΠϯωοτϫʔΫ ɾ ճͷʮ࠾۷ʯྔ͸໿  ೥ຖʹ൒ݮ ɾ߹ܭ
    ໿   ສ #5$ ·Ͱ औҾͷొ࿥ ख਺ྉ ख਺ྉ औҾͷঝೝ ϚΠχϯά࣌ ϚΠχϯά ࠾۷ ͸ ֬཰తաఔ ฏۉ  ෼͓͖ʹ੒ޭ ૹۚࢦࣔ͸֤͕ࣗ΋ͭ ϓϥΠϕʔτΩʔͰ ແͨ͘͠Β࠶ൃߦෆՄ ϚΠφʔ ࠾۷ऀ ࢧ෷͍ɾ྆ସ ͳͲͷܦࡁ׆ಈ ར༻ऀ ϒϩοΫνΣʔϯ ݩா Πϯλʔωοτ্ͷԾ૝ωοτϫʔΫ ʜ ˞
    #5$
    
    ϏοτίΠϯͷ୯Ґ 
    #5$ ରԠ ϒϩοΫ ϒϩοΫ ϒϩοΫ औҾ ૹۚ औҾͷه࿥ ΞυϨε Ѽઌ ϓϥΠϕʔτΩʔ ຊਓͷূ໌ 2026 8 — 2026-06-09 – p.16/38
17. 2026 8 — 2026-06-09 – p.17/38
18. / (1) Bitcoin 2,100 cm3 (cc) 1 1cm3 10 3.125cm3 ⇒ ⇒ ( ) 2026 8 — 2026-06-09 – p.18/38
19. / (2) ( ) ( ) ( ) ( ) ( ) → Bitcoin ( ) 2026 8 — 2026-06-09 – p.19/38
20. ∼ UTXO (= ) → 2026 8 — 2026-06-09 – p.20/38
21. 0 and/or Bitcoin “The Times 03/Jan/2009 Chancellor on brink of second bailout for banks” 2009 1 3 2 https://www.blockchain.com/explorer 0 BTC Block “Hex to ASCII Text Converter” 2026 8 — 2026-06-09 – p.21/38
22. (← ) 2026 8 — 2026-06-09 – p.22/38
23. ( ) ೖྗ σδλϧͳΒԿͰ΋Α͍σʔλͷू߹ ແݶ ग़ྗ CJU ͳͲݻఆ௕ͷ਺ͷू߹ ༗ݶ ग़ྗ஋͸ʮμΠδΣετʯͱ΋ݺ͹ΕΔ খ ͞ ͍ ॱ ʹ ฒ Μ Ͱ ͍ Δ ͱ ͠ ͯ খ ͞ ͍ ॱ ʹ ฒ Μ Ͱ ͍ Δ ͱ ͠ ͯ 4)"
    ͳͲͷؔ਺ 4)"
    
    4FDVSF
    )BTI
    "MHPSJUIN Ұ༷ʹ෼෍ ϋογϡؔ਺ͷੑ࣭ ภͬͯ෼෍ Ϛοϐϯάʹ๏ଇੑ͕ແ͍Α͏ʹݟ͑ɺ ˠͷํ޲ʹ͸҆ՁʹܭࢉͰ͖Δ͕ɺ ٯͷํ޲ʹ͸ܭࢉͰ͖ͳ͍ Ұํ޲ੑ ҉߸ֶతϋογϡؔ਺ͷੑ࣭ ແݶΛ༗ݶʹϚοϐϯά͢ΔͷͰɺҟͳΔೖྗ͕ ಉ͡ग़ྗ݁ՌʹͳΔ৔߹΋͘͝رʹ͋Δ িಥ িಥ ͤ͞Δํ๏ ͕ݟ͔ͭͬͨ҉߸ֶతϋογϡ ؔ਺͸΋͸΍҆શͱ͸ݟͳ͞Εͳ͍ 2026 8 — 2026-06-09 – p.23/38
24. ( ) ൿີ伴 伴ϖΞ ͋Β͔͡Ί ੜ੒ ൿີʹӅ࣋ͭ͠ ͋Β͔͡Ί౉͓͍ͯͯ͠΋Α͍ ॺ໊Λ࡞ͬͨͷ͸ެ։伴ʹ ରԠ͢Δൿີ伴Λ࢖͑Δ୭ ͔
    ͢ͳΘͪॺ໊ऀ
    ͩ͠ɺ ݩͷσʔλ͸ॺ໊ޙ͸CJU ΋มΘͬ ͍ͯͳ͍ ͜ͷ࢓૊Έ͕ਖ਼͘͠ಈ࡞͢ΔͨΊʹ͸ɺ ड͚औͬͨެ։伴͕ຊ౰ʹॺ໊ऀͷ΋ͷ Ͱ͋Δͱ͍͏ԿΒ͔ͷূ໌͕ඞཁ ʲॺ໊ΞϧΰϦζϜʳ ೖྗ
    
    ݩͷσʔλɺ ൿີ伴 ग़ྗ
    
    ॺ໊ ʲॺ໊ݕূΞϧΰϦζϜʳ ೖྗ
    
    ݩͷσʔλɺ ॺ໊ɺ ެ։伴 ग़ྗ
    
    0,
    ·ͨ͸
    /( ެ։伴 ॺ໊ऀ ॺ໊ ΞϧΰϦζϜ ॺ໊ݕূ ΞϧΰϦζϜ 0, ·ͨ͸ /( Πϯλʔωοτ ݕূऀ ެ ެ։ ։伴 伴 ެ։ ެ։伴 ެ ެ։ ։伴 伴 ݩͷ σʔλ ݩͷ σʔλ ॺ໊ ॺ໊ 2026 8 — 2026-06-09 – p.24/38
25. ( ) ϒϩοΫ O ࣌ؒ ϒϩοΫϔομʔ ͍ΖΜͳ৘ใ͕ೖ͍ͬͯΔ ϒϩοΫ O ͷ μΠδΣετ औҾ σʔλ ެ։伴 ˍॺ໊ औҾ σʔλ ެ։伴 ˍॺ໊ औҾ σʔλ ެ։伴 ˍॺ໊ ʜʜ ϒϩοΫ O  ϒϩοΫϔομʔ ͍ΖΜͳ৘ใ͕ೖ͍ͬͯΔ ϒϩοΫ O ͷ μΠδΣετ औҾ σʔλ ެ։伴 ˍॺ໊ औҾ σʔλ ެ։伴 ˍॺ໊ औҾ σʔλ ެ։伴 ˍॺ໊ ʜʜ ϒϩοΫͷμΠδΣετ͸ ͦͷϒϩοΫΛҰҙʹࣔ͢ ࣝผࢠͱͯ͠΋༻͍ΒΕΔ औҾσʔλͷ࡟আ౳ͰϒϩοΫͷ ಺༰͕มΘΕ͹ɺͦͷμΠδΣετ ΋มΘΔͷͰɺໃ६͕ੜ͡Δ औҾσʔλʹ͸ૹ৴ऀͷσδλϧ ॺ໊͕෇͍͍ͯΔͷͰվ͟Μ͸ ࠔ೉͕ͩɺऔҾσʔλΛؙ͝ͱ ࡟আ͢Δ͜ͱ͸Ͱ͖Δ ࣍ͷϒϩοΫʹμΠδΣετ͕ ֨ೲ͞Ε͍ͯΔ͜ͱͰɺखલͷ ϒϩοΫͷ಺༰͸ϩοΫ͞Εͯ ͍Δͱ΋ݴ͑Δ͕ʜ ܨ͕͍ͬͯΔϒϩοΫͷϔομʔ ͷதͷμΠδΣετΛ࣍ʑͱॻ͖ ׵͍͚͑ͯ͹ໃ६ͳ͘վ͟ΜͰ͖ ΔͷͰɺϒϩοΫΛ࡞Δ͜ͱࣗମ ʹେ͖ͳίετΛඞཁʹͯ͠कΔ Proof of Work ( ) : ( ) Proof of Stake ( ) : ( ) ( ) → 2026 8 — 2026-06-09 – p.25/38
26. ( : ) ( : ) ( ) . . . ← NFT 4 ⇒ ( ) 2026 8 — 2026-06-09 – p.26/38
27. DID (Decentralized Identifiers) VC (Verifiable Credentials) DID . . . ( ) ID ( ) DID ( ) DID (verifiable data registry) VC . . . (issuer) (holder) (claim) (verifier) 2026 8 — 2026-06-09 – p.27/38
28. DID/VC )0-%&3 อ࣋ऀ *446&3 ൃߦऀ 7FSJpBCMF %BUB
    3FHJTUSZ ݕূՄೳͳσʔλొ࿥฽ 7&3*'*&3 ݕূऀ ൃߦ ྫ
    
    ֶੜ ྫ
    
    େֶ ྫ
    
    మಓ ྫ
    
    ֶੜূ ྫ
    
    ֶੜূ ొ࿥ ొ࿥ ݕূ ৴༻ ෦෼త
    ։ࣔ 7$ 7$ VC ( DID ) DID VC DID 2026 8 — 2026-06-09 – p.28/38
29. (PoS) 1 3 (PoW) 2026 8 — 2026-06-09 – p.29/38
30. ( ) > ( ) → ( ) → < ( ) ( ) → ( ) → ⇒ 2026 8 — 2026-06-09 – p.30/38
31. Bitcoin (∼2026 6 ) 1.1ZH/s (11 H/s) ASIC ( ) 0.045TH/J 24,444,444,444.4444W → 24GW ( ) 2026 8 — 2026-06-09 – p.31/38
32. ( ) -12 -9 -7 -5 -3 -1 1 3 5 7 9 11 Time Zone (UTC-relative) Capacity (GW) Bitcoin 0 20 40 60 80 100 120 140 Solar power by country ( ) 24GW (11 ) Bitcoin 11 Bitcoin 1 4 4.25GW 29 UTC 2026 8 — 2026-06-09 – p.32/38
33. DAO ಺෦ࢿຊˢ͋Δ ɹɹɹɹˣͳ͍ தԝʹࣗಈ ɹɹɹɹɹWT ɹɹɹɹɹɹதԝʹਓؒ ׬શͳ "* σʔϞϯ˞ ϑΥʔϥϜ˞ XFC αʔϏε ϩϘοτΛ࢖໾ %"0 %"QQ˞ ݹయత૊৫ ɹɹɹɹɹ
    
    पลʹਓؒ ɹɹɹɹ
    
    WT पลʹࣗಈ ˞
    %"QQ
    
    εϚʔτίϯτϥΫτʹΑΔΞϓϦέʔγϣϯ
    %FDFOUSBMJ[FE
    "QQ ˞
    ϑΥʔϥϜ
    
    ਓʑ͕ಛఆͷ࿩୊ʹ͍ͭͯٞ࿦ͨ͠Γ৘ใΛަ׵ͨ͠Γ͢Δ৔ ˞
    σʔϞϯ
    
    όοΫάϥ΢ϯυͰՔಇ͠
    ΠϕϯτʹࣗಈతʹରԠ͢ΔϓϩάϥϜ . . . DAO : Decentralized Autonomous Organization ( ) Buterin DAO (2014) ↑ = + 2026 8 — 2026-06-09 – p.33/38
34. Ձ֨ ྔ ڙڅ धཁ धཁ धཁ  . . . 2026 8 — 2026-06-09 – p.34/38
35. 2026 8 — 2026-06-09 – p.35/38
36. 4. (1) Buterin 2014 DAO DAO AI ( ) AI ( 1 ) AI AI · AI ( +α ) (2) AI ( ) (3) 2026 6 12 ( ) 23:59 JST ( ) Waseda Moodle 2026 8 — 2026-06-09 – p.36/38
37. ( ) Discord discord-agent-hub AI ( ) ( ) ( ) (gpt-5-nano ) · ( ) (gpt-5.4-nano ) ( ) (gpt-5.4-nano ) (1) Discord # (2) /chat ( ) (3) (4) ENTER/RETURN 1 / · 2026 8 — 2026-06-09 – p.37/38
38. 2026 8 — 2026-06-09 – p.38/38