2. Blockchain & DLT Impact on Finance:
Opportunities & Challenges
Caterina Rindi

3. Caterina Rindi - RindiConsulting.com
•Elementary Education
•p2p & Collaborative Economy
•Bitcoin Startup
•CSR & Impact

5. Blockchain & Distributed Ledger Technology (DLT)
• consensus-driven, p2p-shared digital database & ledger
• replicated among multiple sites, countries, institutions
• global
• permissioned/private or permissionless/public
• blockchain is one kind of DLT
• many blockchains – e.g. Bitcoin, Ethereum, EOS, Ripple

6. Some Problems to Solve in Financial Systems
• fees and costs of intermediaries
• friction in movement of money
• redundant and onerous paperwork
• fraud and crime
• regulatory costs and burden
• inefficiency of centralized systems

7. • alternative investing & financing option
• peer-to-peer ICO’s = global distributed shares
• stock exchanges exploring blockchain to clear & settle trades
• Australia, Santiago(Chile), Korea, London (UK), Tallinn
(Estonia), Tokyo, US Nasdaq, Scotland
• global remittance network (Ripple)
• micropayments
Some examples how new tools are being used

8. Other corresponding applications being developed
• supply chain & inventory management
• trading value – exchanges
• insurance & risk management
• identity & reputation
• audit & tax functions
• medical records • IoT
• patents & royalties

9. Opportunities
• increased efficiencies – cost and speed
• decrease fraud
• removal of excess intermediaries
• direct & efficient pipeline to investors
• large volume of small investments
• access to global markets
• immutable audit trails
• improved privacy

10. Challenges
• regulatory uncertainty
• legal evolution – smart contracts, language
• standardization needed in many industries
• digitization of records and data
• immature businesses/products & development
• interoperability of ledgers/networks

11. China-specific activities
• bitcoin mining leader b/c low cost energy, labor, manufacturing
• PBoC positive declarations (2018-03)
• Pres. Xi Jinping ”new generation of breakthrough tech” (2018-06)
• strong software developer community (Eth conf)
• ICO’s banned (2017)
• cryptocurrency exchanges banned (2017)

12. China-specific activities - cont.
• 2018-01 blockchain-related project financing = RMB 681 M
• Example startups:
• Ziggurat (Zhigui)
• Energy Blockchain Labs – Beijing
• NEO; QTUM blockchains
• Active projects by: Baidu, Alibaba, Tencent
• Leading cities: Beijing, Shanghai, Hangzhou (Industry Park 2018-05)

13. Caterina@RindiConsulting.com
https://RindiConsulting.com
Thank You!