Successfully reported this slideshow.

Blockchain: Transforming Industries by Fintricity at ArabNet Riyadh 2017

2

Share

Upcoming SlideShare
Your Next IoT Journey is NOW
Your Next IoT Journey is NOW
Loading in …3
×
1 of 11
1 of 11

More Related Content

More from ArabNet ME

Related Books

Free with a 14 day trial from Scribd

See all

Blockchain: Transforming Industries by Fintricity at ArabNet Riyadh 2017

  1. 1. Blockchain: Transforming Industries 13th December 2017 Arabnet Riyadh © 2017 Fintricity Consulting Limited. All rights reserved apart from those identified and their respective owners. Alpesh Doshi
  2. 2. 4th Industrial Revolution 1st Industrial Revolution 2nd Industrial Revolution 3rd Industrial Revolution Mechanical production with the help of water and steam power: Transformed manual labour and mechanised production What did it change? Manual labour to helping people mechanise some tasks and speed up work e.g. Mechanical Loom, Steam Engines Division of labour and mass production of goods. Electrical energy used to create first assembly lines and create repeatable processes and scaled production like cars What did it change? Enabled individual freedom, consumerisation and the middle classes e.g. TV, Advertising, automation Invention of electronics to scale and powerful computing systems. Invention of the internet with mass global and cheap, communications with mobiles What did it change? Open and shared global information, enable frictionless sharing of knowledge globally e.g. social media, Wikipedia © 2017 Fintricity Consulting Limited
  3. 3. 4th Industrial Revolution 1st Industrial Revolution 2nd Industrial Revolution 3rd Industrial Revolution We are at the beginning of the 4th Industrial Revolution Mechanical production with the help of water and steam power: Transformed manual labour and mechanised production What did it change? Manual labour to helping people mechanise some tasks and speed up work e.g. Mechanical Loom, Steam Engines Division of labour and mass production of goods. Electrical energy used to create first assembly lines and create repeatable processes and scaled production like cars What did it change? Enabled individual freedom, consumerisation and the middle classes e.g. TV, Advertising, automation Bringing new business models, decentralised models, operating models and new ways of working. At the beginning of how the world does business, makes money, communicates. Data as the new oil which will fuel massive improvements in every sector of the economy What it change? How we work, play, live, move around, socialise, make money e.g. Blockchain, IOT, Big Data Invention of electronics to scale and powerful computing systems. Invention of the internet with mass global and cheap, communications with mobiles What did it change? Open and shared global information, enable frictionless sharing of knowledge globally e.g. social media, Wikipedia © 2017 Fintricity Consulting Limited
  4. 4. Technology Trends Blockchain AI/Cognitive Computing RFID Robotics 3D printing Sensors Drones Virtual Reality Augmented Reality IoT © 2017 Fintricity Consulting Limited
  5. 5. 4th Industrial Revolutions and Platforms
  6. 6. Digital Experiences and Blockchain Digital savvy customers want experience and outcomes rather than just products and services.
  7. 7. Blockchain Decentralization Removal of Intermediaries Intermediaries have been a integral part of business for hundreds of years because parties don’t trust each other. Blockchain removes the need for an intermediary. e.g. Banks, Exchanges, Brokers, Hubs, Supply Chains. Trust in the network Using Blockchain technology enables secured trust in the network for integrity of transactions. Blockchain transforms trust in a supply chain. e.g. Enabling the connection of counterparties and visibility of transactions. Provenance Ability to track an asset across the supply chain and prove its provenance – where it came from Blockchain transforms the tracking of assets. e.g. Recording and tracking assets with and who owns them on a Blockchain. Security Security is strong in the network using cryptography and immutability of transactions and enables secured data sharing Blockchain transforms security between parties. e.g. Better and more secure for accessing and executing transactions
  8. 8. Blockchain is impacting every industry.. Some examples Logistics Over the course of the next 10 years, digital technology in the logistics industry will lead to creation of 2 million jobs and reduce carbon emissions by 10 million tons. The total value impact to the industry from key digital initiatives is expected to be $1.5 trillion. Blockchain integrates the supply chain with trust and Provenance Healthcare Robots, 3D printing, digestible sensors are all key technologies for healthcare innovation. Smart, connected medical devices could save the US healthcare system alone more than $30 billion a year, while telemedicine in care homes could reduce hospital admissions by 35%. Blockchain enables easier secure and storage of patient data and sharing, with immutability Electricity Key technologies include connected sensors and real-time analytics to create predictive maintenance systems for wind farms and other assets. Cumulative value at stake to the electricity industry in the next 10 year from digital initiatives is $1.7 trillion with reduction in carbon footprint by 16 billion metric tons. Digital technologies will lead to creation of 3.5 million jobs in the electricity industry. Blockchain enables new business models through bartering community based energy production Financial Services Banking and Capital Markets will see a $20bn removed from their cost base with the use of Blockchain technologies and the modernization of the trade lifecycle and reinvention of payments. Blockchain enables removal of intermediaries and clearing and settlement of transactions. Also, transformation of domestic and international payments. © 2017 Fintricity Consulting Limited
  9. 9. The Connected Quadranttm New business models • New economy digital companies have created new ways of making money • New consortium based models that enable value across ecosystems • Service Based models rather than buying products New market models • Marketplace models across sectors enabling startups to bypass legacy • Market models across every sector emerging that disrupt current market norms • Decentralization reinventing markets and ages old intermediary models New technology models • Blockchain and other technologies used for enablement • Data and Analytics/AI/ML across all parts of the new digital business • IOT et al transforming supply chains through data New operating models • Data Driven Business • Agile and digital operating models enabling quicker development cycles • Global collaborative models implemented through technology and newly skilled workforces (e.g. Data Science) © 2017 Fintricity Consulting Limited
  10. 10. Any Questions? alpesh.doshi@fintricity.com m: +44 7973 822820 Fintricity. Innovative Thinking. Agile Delivery.

×