Blockchain opportunities and challenges

1. Re-engineering Trust
Blockchain opportunities and challenges
Blocklime Developers
Whatsapp Group: https://bit.ly/2P4CgKl

2. CEO & Founder
Harpreet Singh Maan
The Speaker
Copyright @ 2019 by Blocklime
● CEO and Co-founder of Blocklime
● CTO of Verificer
● National committee member on ISO standards for " Blockchain & Electronic
Distributed Ledger Technologies".
● Malaysian Ambassador for Hedera Hashgraph and Hyperledger.
● I am is also a member of MDEC Digital Expert Panel to assist on DLT
adoption in education & industry. He is also a Industry Mentor on the MDEC
Digital Counsellor platform.
● Advisor & Trainer. He is also a well-known speaker & trainer on DLT &
Blockchain development and advises enterprises & governments on DLT
adoption strategies.

3. Webinar Topic: Blockchain opportunities and challenges
50 Mins ( 40 Mins Presentation & 10 Mins Q&A)
Learning Outcomes
● What is Blockchain? (briefly explanation)
○ What is Bitcoin?
● What are the new opportunities in this industry?
○ What are the opportunities in Malaysia
● What are the challenges of this industry?

4. What is Blockchain?
Why it exist?

5. 2008 Financial Crisis

6. The rise of Bitcoin
Bitcoin is a cryptocurrency. It is a decentralized digital currency without a central bank or
single administrator that can be sent from user to user on the peer-to-peer bitcoin network
without the need for intermediaries.
Ledger start: 3 January 2009 (11 years ago)
Founder: Satoshi Nakamoto
True value of Bitcoin
● A people’s digital cryptocurrencies
● Uncensorable & unbiased
● A system of decentralised trust

7. What is Blockchain Technology?
Blockchain technology is the earliest successful implementation of a
Distributed Ledger Technology (DLT). Distributed ledger database is
spread across several nodes (devices) on a peer-to-peer network, where
each replicates (depends on protocol) and saves an identical copy of the
ledger and updates itself independently.
- Me

8. Types of Computer Systems ?

10. In Short
DLT is for?
● Digitisation of trust
● Security
● Transparency
● Decentralisation & Democratisation of
Governance.
● Temper resistance (not immutable )
● Programmability & Trusted automations
● Easier Data access for participating parties

11. ● Up to 99.98% uptime for 10 years
● More than 43 Million Users worldwide
● Running in a Open & Hostile Environment.
● DDoS attack, Sybil attack, SQL injections,
Birthday Attack & Malware attack and many
other attack resistance
● Simpler recovery and verification
● Data temperament resistant
● Standardised collaboration
● Reduced the cost of doing finance
● Became a mechanism for Digital Trust
Let’s take Bitcoin Tale as an example.

12. What are the
opportunities in the
Blockchain Industry?

13. Trust
Industries
● Finance
● Insurance
● Healthcare IT services
● Governance
● Compliance
● Supply chain
● Legal Services
● Property market
● Intellectual properties
● Resource management
Human
words
please !

14. What i am saying, new industries and business models will emerge
which will disrupt the ways we have been doing things previously.

15. Decentralised Economy
Decentralised Finance (DeFi)
● Payment
● Banking
● Insurance
● Credit providers
● Trading markets
● Lending
● Gambling
● Trade Financing
● Asset & Risk Management
● Financial Analytics
● Scoring & Compliance
● Security
● RegTech
● Insurtech
● FinTech
● KYC Services
● Integrators & others
● Gaming
● Esports
● Entertainment
● Social Media
● Data Market
● Digital collectables
● Digital Healthcare &
Wellness services
● PropTech
● LawTech
● Decentralised Security
● Manufacturing Tech
● Transport and Drone Tech
● Media & Advertising
● EdTech
● TravelTech
● Digital governance
….. Many More
Other Decentralised Industries

16. Malaysia 2020
MAR APR
News source : Techcryption, Fintech Malaysia, Soyacincau & Cointelegraph

17. Malaysia 2020
APR MAY
News source : Techcryption, Fintech Malaysia, Soyacincau & Cointelegraph
All 3 exchanges full
operations by 8 April

18. Business Opportunities in the Malaysian Blockchain Industry
Financial services
● Crypto payment gateways & tools
● Crypto POS integrations
● E-wallet & card services integrations
● Remittance & global payment services
● Financial infrastructure for banking
● Royalties Programs
● Crypto Banking, Escrows and custodian services
● Crypto lotteries
● Crypto exchanges and investment services
● Decentralised Exchanges
● IEO Operator & IEO service providers
● Decentralised Finance (DeFi)
● Decentralised Insurance
● Financial literacy and education
● Crypto Lending services
Other Opportunities
● Gaming
○ Digital collectable market and exchange
○ Dapp gaming
○ Gambling
● Esports
○ Team funding and collectables
● Entertainment
○ Social Media
○ Streaming Platforms
● Data Market
○ Self-sovereign data market
● Other Digital collectables
○ Digital art and jewelry trading market
● Digital Healthcare & Wellness services
● PropTech
○ Real estate investment trust (REIT)
● LawTech
○ Smart contract as a service
● Research and development
● Talent Development
● Online Voting
● Intellectual Properties

19. Implementation
Challenges of Blockchain
INTEROPERABILITY
The current enterprise blockchain
technologies lack the ever needed
interoperability between all networks.
METHODOLOGY
Lack of proper methodology makes
newer innovations full of flaws.
LEGACY NETWORKS
Transforming all legacy networks with
blockchain may require a lot of time and
money.
MASS ADOPTION
Mass adoption isn’t possible in reality
yet as the network deals with slower
output.
SKILLSET
There isn’t an adequate workforce
with skillset to develop new
enterprise- grade technology.
COST CHALLENGES
Transforming the whole legacy
network ecosystem may require
more budget.

21. Blockchain talent is in high demand.

23. Q & A

24. Thank you