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Egri Szilvia: Blockchain trendek a pénzügyi szektorban

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Magyarország első blockchain és API konferenciája! Nagyító alatt a jövő technológiái és új jelenségei a pénzügyi szektorban. Ez lesz a fintech világán túl! Részletek: http://fintechzone.hu/a-fintechen-tul/

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Egri Szilvia: Blockchain trendek a pénzügyi szektorban

  1. 1. BLOCKCHAIN TRENDEK A PÉNZÜGYI SZEKTORBAN
  2. 2. WHY THE BLOCKCHAIN? DISINTERMEDIATION TRANSPARENCY PROVENANCE PROCESS AUTOMATION GOVERNANCE & SAFEGUARDS PERFORMANCE & SPEED SCALABILITY FASTER TRANSACTIONS SECURITY & COMPLIANCE BENEFITS GOALS RESULTS REQUIREMENTS COST REDUCTIONEFFICIENCY CUSTOMER EXPERIENCE
  3. 3. INDUSTRY JOIN FORCES USA (San Francisco) • initiated by: Linux Foundation • goal: cross-industry collaboration, develop blockchain frameworks and standards • bank members: • Europe: ABN Amro, BBVA, BNP Paribas, BoE, Sberbank • USA & Canada: BNY Mellon, J.P. Morgan, Wells Fargo • Australia: ANZ • premier technology members: Digital Asset, SAP, IBM, Cisco, Accenture, Intel, R3! SWITZERLAND (Zug) • goal: define open-source standards for building enterprise-grade softwares based on Ethereum blockchain • bank members: • Europe: UBS, BBVA, Santander, Credit Suisse, ING, OTP, Rabobank, • USA & Canada: BNY Mellon, J.P. Morgan, National Bank of Canada, Scotiabank, • Asia: MUFG • technology partners: Accenture, Intel, Cisco, Infosys, Microsoft
  4. 4. BLOCKCHAIN PROJECTS FROM AROUND THE WORLD USA UK Netherland Switzerland France UAE India Australia trade finance asset management remittance KYC & AML Belgium inter-bank clearing & settlement financing
  5. 5. UK: RIPPLE BASED INTERNATIONAL PAYMENTS VIA MOBILE APP UK Project initiated: Santander Status: employee pilot Area international payments Partner: Ripple Last status date: May 2016 • lets users transfer between 10 - 10.000 GBP and payments can be made from GBP to EUR or USD • via a mobile app (incl. Apple Pay & touch ID) • EUR can be sent to 21 countries; USD to USA only • 0/24 • funds appears in the recepient’s account the next working day • using Ripple protocol
  6. 6. SWITZERLAND: ASSET MANAGEMENT SERVICE FOR CRYPTOCURRENCIES SWITZERLAND • cryptocurrency portfolio management: storage, exchange and reporting • cryptocurrencies available: Bitcoin, Ether, Litecoin, Bitcoin Cash • Bitcoin ATM • approved by FINMA Project initiated: Falcon Group Status: LIVE service Area asset management Partner: Bitcoin Suisse AG Last status date: July 2017
  7. 7. NETHERLAND: ‘TORCH’ APPLICATION TO SUPPORT REAL ESTATE TRANSACTIONS Netherland • for real estates financed by ABN Amro • accessible by every party involved in a real estate transaction: buyers and sellers, landlords and tenants, bank, appraisers, notaries, Land Registry Office, Chamber of Commerce and other regulators • digitized documentum & information management: contracts & its validation, valuation report, additional information from the Land Registry Office or other regulators. Project initiated: ABN Amro Status: MVP beta test Area real estate financing Partner: IBM Last status date: September 2017
  8. 8. France • startups and SMEs that are clients of SmartAngels crowdfunding platform are able to issue securities • investors’ payments are processed immediately and e-certificate issued instantly • investors are allowed to trade securities directly on the SmartAngels platform • simplified management of shareholders for the issuer Project initiated: BNP Paribas Securities Status: pilot Area equity crowdfunding Partner: SmartAngels crowdfunding platform Last status date: July 2017 FRANCE: SHARED REGISTER FOR SECURITIES VIA CROWFUNDING PLATFORM
  9. 9. AUSTRALIA: BANK GUARANTEE TOKENIZATION AND LIFECYCLE MANAGEMENT Australia • commercial partner in the test: shopping centre operator (Scentre Group) • complete lifecycle of bank guarantees related to lease contracts managed on blockchain: issuance, validation, modification, claiming and cancellation • further features: portfolio tracking & reporting, lifecycle notifications • pilot continues, involving more industry players Project initiated: ANZ, Westpac Status: succesful test Area trade finance / bank guarantee Partner: IBM Last status date: July 2017
  10. 10. UAE & INDIA: CROSS-BORDER REAL- TIME TRANSACTION MANAGEMENT India • vendor: EdgeVerve (Infosys Finacle leányvállalata) • the Finacle Universal Banking solutions have already been used by the banks - EdgeVerve Blockchain Framework has been integrated into it • successful pilot for the UAE-India remittance corridor • real-time transaction processing vis-a-vis the SWIFT processing time Project initiated: Emirates NBD, ICICI Status: successful test Area remittance, trade finance Partner: Infosys Finacle Last status date: October 2016 UAE
  11. 11. INDIA: ‘CLEAR-CHAIN’ (c2) PROJECT FOR KYC AND AML India • initiated by: BankChain consortium (indian initiative) • project participants: SBI,Axis, CBI, ICICI, DCB, HDFC • scope: sharing KYC & AML data (e.g. investigation reports, suspicious transaction report) • it also has a regulator node - providing access to the Clear-Chain data • based on Chain protocol Project initiated: SBI via BankChain consortium Status: successful test Area KYC, AML Partner: Primechain Technologies Last status date: May 2017
  12. 12. USA: SMART CONTRACT BASED TRADE FINANCE USA • application mirrors the paper-heavy LC transactions • blockchain contains all the data and digitized documents related to the LC transaction • the smart contract feature provides automatic payment in case conditions are met • based on Hyperledger Project ‘Fabric’ solution Project initiated: Bank of America, HSBC Status: test ongoing Area trade finance / Letter of Credit Partner: IDA (Infocomm Development Authority) Singapore Last status date: August 2016
  13. 13. EUROPEAN DTC (DIGITAL TRADE CHAIN) PLATFORM FOR SME Belgium • goal of the platform: make domestic & cross-border commerce easier for SMEs via a shared supply chain management and trade finance platform • KBC already tested in 2016 summer with some of its SME clients • 6 more banks joined in January 2017: Deutsche, HSBC, Rabobank, Natixis, Société Générale, Unicredit • based on Hyperledger Project ‘Fabric’ Project initiated: KBC Status: test ongoing Area trade finance Partner: IBM Last status date: July 2017
  14. 14. THINKING OUT OF THE BLOCK NOT ONLY FOR EXISTING PROCESS NOT ONLY TECHNOLOGY ECOSYSTEM THINKING OPEN NETWORK TRUST IS THE PRIVILEGE OF BANKS. FOREVER? COLLABORATION RATHER THAN COMPETITION NEW BUSINESS MODELS
  15. 15. FEMTECHLAB KFT. EGRI SZILVIA szilvia.egri@femtechlab.hu

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