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Fintech Belgium Summit 2018 - Blockchain -Beyond the Hype by Mark Wolenik

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Fintech Belgium Summit 2018 - Blockchain -Beyond the Hype by Mark Wolenik

  1. 1. BLOCKCHAIN, BEYOND THE HYPE?
  2. 2. THE HYPE 1. New currency paradigms 2. Decentralization 3. Disintermediation 4. Optimize inefficient business processes – even common ones such as audits 5. Reduction of risk/increased accountability 6. Digitization of everything 7. FOMO
  3. 3. BY THE NUMBERS – As of Aug, 2018 1. PwC's 2018 Global Blockchain Survey 2. Cowen Report, May 24, 2018 3. Annop Nannra, head of Cisco’s blockchain initiative 84% Companies that have blockchain initiatives 1 5.9 Number of years for blockchain to gain widespread adoption 2 10 Years until blockchain prevalence in Supply Chain 3 5 to 25 Years until blockchain prevalence in Financial Services 3
  4. 4. BY THE NUMBERS – As of Aug, 2018
  5. 5. THE PARADIGM TODAY Ethereum blog by Vitalik Buterin: https://blog.ethereum.org/author/vitalik-buterin/
  6. 6. HISTORICAL ENTERPRISE ADOPTION 80%+ Others
  7. 7. CURRENT TREND
  8. 8. DO YOU NEED BLOCKCHAIN? The four pillars of enterprise blockchain: 1. Shared 2. Distributed 3. Secure 4. Ledger
  9. 9. BLOCKCHAIN CHALLENGES “Bringing the Network Together” 1. People 1. We lose things 2. We have fat fingers 2. Lack of accountability 3. Decentralization provides broad scale, but at great cost 4. Shared data across an enterprise is problematic 5. Regulatory/Compliance uncertainty
  10. 10. BLOCKCHAIN DISRUPTION INNOVATION Versus REGULATION
  11. 11. ORGNAIZATIONAL BARRIERS TO GREATER INVESTMENT IN BLOCKCHAIN TECH
  12. 12. BLOCKCHAIN FINTECH INNOVATION 1. Ripple 2. Alternative Currencies/Stablecoins 1. USD Coin (USDC) – Goldman Sachs 2. LBXPeg – London Block Exchange 3. Editable Blockchains 4. GDPR 1. Data geo boundaries 2. Right to be Forgotten

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