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Neuroware.io at FINNOVASIA KL - 2016

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Neuroware.io was asked to talk about what is happening within Malaysia in regards to blockchains and also discuss some of the use cases that we have been working on recently...

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Neuroware.io at FINNOVASIA KL - 2016

  1. 1. FINNOVASIA KL - 2016
  2. 2. INTRODUCING NEUROWARE AND OUR NON-FINANCIAL PROTOCOLS
  3. 3. SLIDE # FIRST MSC STATUS BLOCKCHAIN COMPANY 3 Mark Smalley - CEO ! Living in Malaysia for the past 19 Years ! Building Web Applications for 15 Years ! Spent 10 Years Building Tech Communities ! Developing Blockchains Apps for 5 Years Ruben Tan - CTO ! Building Web Applications for 10 Years ! Active Community Evangelist & Presenter ! Early Developer at MyTeksi and OnApp ! Studying Distributed Consensus for 5 Years
  4. 4. SLIDE # EXPERIENCED INNOVATORS IN AN EARLY ECOSYSTEM 4 Only Malaysian Company to Graduate from 500 Startups in Silicon Valley 1st Company in Asia Providing Public Blockchain APIs & Developer Toolkits Helped Organize World’s 1st Bank-Backed Blockchain Hackathon (DBS) Over 15 Years of Collective Blockchain Development Experience
  5. 5. SLIDE # WE’VE SPENT TWO YEARS DEVELOPING OUR BASE PROTOCOLS 5 DISTRIBUTED STRUCTURED DATA DECENTRALIZED ID & AUTHENTICATION KEY LOGISTICS & BROADCASTING CORTEX NEUROWARE’S AGNOSTIC PROTOCOLS
  6. 6. SLIDE # CORTEX - BLOCKCHAIN AGNOSTIC OPERATING SYSTEM 6
  7. 7. WHAT ARE BLOCKCHAINS…? THE DAWN OF THE DISTRIBUTED LEDGER
  8. 8. SLIDE # BITCOIN digital asset 8 VS BLOCKCHAINS distributed ledger
  9. 9. SLIDE # DOGECOIN 36,000 DOGE 9 VS = ETHEREUM 1 ETH = 0.01 BTC
  10. 10. SLIDE # BREAKING DOWN THE BASIC TERMINOLOGY 10 Distributed Ledger Technology (DLT) is the top-level terminology Blockchains are one sub-set of distributed ledgers Public chains are another sub-set of blockchains Bitcoin is just one of a thousand different public blockchains There are hundreds of private chains & distributed ledgers without blocks From distributed DNS to file-storage & git repos - they can do many things
 
 However… When you are able to transfer a native asset on its ledger - magic happens: THE TRANSFER AND SETTLEMENT OCCUR AS A SINGLE EVENT
  11. 11. SLIDE # BLOCKCHAINS - THE FASTEST GROWING TECH OF OUR LIFETIME 11 In 2016 alone, over 100 banks and leading financial institutions started working on 
 blockchain projects - with the eco-system receiving over US$1 billion in funding
  12. 12. SLIDE # BITCOIN AS A PAYMENT METHOD 12
  13. 13. SLIDE # SOME OF THE INSTITUTIONS LEADING THE WAY 13 multiple blockchains for cross- boarder payments and loyalty Exploring KYC and AML via the blockchains Patented a blockchain based wire transfer system Blockchain based loyalty platform Blockchain based remittance platform Blockchain based trade finance platform Custom blockchain
 for settlements
  14. 14. SLIDE # WHERE DO WE (MALAYSIA) STAND …? from the coindesk.com most recent quarterly report 14 MOST INCREASED INTEREST IN BITCOIN
  15. 15. SLIDE # WHERE DO WE (MALAYSIA) STAND …? also from the coindesk.com most recent quarterly report - but not the MY part 15
  16. 16. SLIDE # WHY THE FUSS…? WHAT DO PUBLIC BLOCKCHAINS DO…? 16 They provide an immutable tamper-proof audit-trail of the truth Data can be easily shared and independently verified by third-parties Vastly increased security that is much less vulnerable to attack or outage Programmable contracts that can radically reduce human errors and costs “While FinTech Disrupts Banks, the Blockchains Disrupt FinTech"
  17. 17. SLIDE # COMPARED TO WHAT…? TRUTH CAN ONLY BE STORED ONE WAY 17 CENTRALIZATION! DATABASES ! ! ! ! ! HILTON / TAXIS DECENTRALIZATION! THE CLOUD ! ! ! ! ! AIR BNB / UBER DISTRIBUTION! BLOCKCHAINS ! ! ! ! ! OPEN BAZZAR / LAZOOZ TECHNOLOGY BUSINESS MODELS TECHNOLOGY BUSINESS MODELS 1950 2000 2010 2015 2030
  18. 18. SLIDE # CAN CENTRAL SYSTEMS COMPETE? FINTECH 1ST FOR A REASON 18 Reconciling Multiple Central Ledgers Vs Auto-Audited Distributed Ledgers? Batch Processing CSVs every 24 Hours Vs Really Real-Time Settlement? THE OLD WAY THE NEW WAY
  19. 19. SLIDE # USE-CASES NEUROWARE PARTNERS ARE EXPLORING 19 BANKING From AML & KYC cost reductions
 to reward schemes & reaching the unbanked or general key-signing LEGAL Cryptographically secure document notarization, copyright protection, and dispute settlement GAMING Share digital assets between an entire network of games, or use the blockchains to create immutable persistent open-worlds HEALTHCARE Complete and immutable family histories of every related diagnosis and condition available from one key GOVERNANCE InIncrease the accountability of public officials and offer total transparency in voting and elections ASSETS Track possession of your property in the digital economy by creating, managing, storing, or sharing 
 multiple asset classes LOYALTY Creation of programmable processes and automated auditing trails that increase transparency and efficiency LOGISTICS Tracking of shipping cycles and provenance systems that autonomously verify actions INSURANCE Integrated insurance and medical services can be intelligently designed to quickly and contractually settle claims with cryptographically
  20. 20. http://BCE.asia BLOCKCHAIN EMBASSY OF ASIA
  21. 21. SLIDE # INTRODUCING MALAYSIA’S FIRST BLOCKCHAIN CONSORTIUM 21
  22. 22. SLIDE # WE HAVE A DIVERSE SELECTION OF FOUNDING MEMBERS 22
  23. 23. SLIDE # WITH MANY USE CASES BEING DISCUSSED AND DEVELOPED 23
  24. 24. USE CASE 01: ATA-PLUS EQUITY CROWD FUNDING
  25. 25. SLIDE # NEUROWARE’S FIRST CORTEX SUBSCRIBER 25 Kyri - Co-Founder & Director! of Licensed ECF Platform “For ECF to flourish, there must be a deep depository of trust and transparency that is frictionless & inclusive. Neuroware’s tech enables us to provide all that and more!”
  26. 26. SLIDE # PROBLEMS FACED BY ECF OPERATORS AND OUR SOLUTIONS 26 Difficult to truly include as many retail investors as possible due to 50 limit Difficult to attract international investors due to current market sentiment Difficult to actually work in real-time due to offline financial trustee services
 and daily batch-based CSV transactions with other financial institutions Having worked with ATA-Plus now for several months, we’ve been able to: Utilize the blockchains to store public data related to our campaign Utilize the blockchains to provide an optional digital form of equity Utilize the blockchains to develop an ECF loyalty reward platform Become asia’s only licensed ECF operator to accept Bitcoin
  27. 27. USE CASE 02: PRACTICAL BANKING FOUNDATION CRYPTO TRUSTEE SOLUTIONS
  28. 28. SLIDE # PROBLEMS FACED BY TRUSTEE SERVICES AND OUR SOLUTIONS 28 Difficult to truly justify small transactions - let alone micro-transactions Impossible to interface via APIs and in-turn automate certain processes Reliance upon physical signatures and manual verification processes Having worked with ATA-Plus and sanctioned banking partners, we have: Begun working on multi-signature key-custodian signing services Allowing for optional consumer key generation and recovery services This allow for some really interesting innovations - such as: Shared responsibilities - with no one entity having control of anything Programmable contracts - enabling automations and developer access
  29. 29. SLIDE # GENERATING MULTI-SIGNATURE ESCROW ADDRESSES 29 Investor Operator Issuer PublicKey Wallet Multi-signature Master Public Extended Key Escrow Address PublicKey PublicKey Bitcoin Transfer Investor Investor Public KeyPublic Key Public Key Ata Plus Public KeyPublic Key Public Key Issuer Issuer Public KeyPublic Key Public Key Trustee Crypto Services Partner BANK Partner BANK Partner BANK Partner BANK
  30. 30. SLIDE # COMPLETING MULTI-SIGNATURE ESCROW TRANSACTIONS 30 Investor Operator Issuer Private Key Private Key Investor Partner Bank Investor Private KeyPrivate Key Private Key Ata Plus Partner Bank Partner Bank Private KeyPrivate Key Private Key Issuer Partner Bank Issuer Private KeyPrivate Key Private Key Trustee Crypto Services Wallet 1 2 Escrow Address Initiate Transfer Request ApprovesTransferRequest Bitcoin Transfer Signs Signs
  31. 31. USE CASE 03: FOR ANYONE AND EVERYONE LOYALTY REWARDS AS A PLATFORM
  32. 32. SLIDE # REASONS FOR USING BLOCKCHAINS FOR LOYALTY REWARDS 32 326 327 328 329 330 331 332 333 334 335 Provides the opportunity to radically reduce infrastructure costs by outsourcing the hosting and APIs to merchants and (or) partners Empower merchants to create their own digital currencies automatically pegged and transferred through a global reserve that you control Introduce multi-signature arbitration at local and (or) global levels Allow for developers, consumers and merchants to communicate directly Provide an immutable and verifiable record of every event ever…
  33. 33. SLIDE # CONSUMER CONVERTS AIR MILES TO AIR TIME IN REAL TIME 33
  34. 34. SLIDE # CREATING AN ECONOMY FROM LOYALTY POINTS 34
  35. 35. THE ELEPHANT IN THE ROOM SUPPLY CHAINS & TRADE FINANCE
  36. 36. SLIDE # TRADITIONAL SUPPLY CHAINS ARE COMPLICATED 36
  37. 37. SLIDE # COMMON PROBLEMS WITH THE MAJORITY OF SUPPLY CHAINS 37 Multiple entities maintaining multiple copies of the truth within easily compromised closed silos requiring painfully slow & expensive reconciliation Time consuming requirements for setting-up third-party financial trustees and physical escrow accounting processes between each transaction Lack of automation between checkpoints, processes and sensory inputs Excessive use and reliance upon physical paper-trails and certification 
 
 ALL OF THESE PROBLEMS EXIST DUE TO A LACK OF TRUST
 ( if only there was a way they could all use the same source of truth )
  38. 38. SLIDE # SIMPLIFYING SUPPLY CHAINS WITH BLOCKCHAINS 38 PUBLIC BLOCKCHAINS! SHARED EVERSTORE DATABASE & SMART CONTRACTS SELLERBUYER MYR SGD ESCROW INSURANCE CERTIFICATIONS BITCOIN REMITTANCE
  39. 39. SLIDE # EDUCATION IS THE MOST IMPORTANT COMPONENT 39 “Having finally seen Cortex in action, I can safely say these guys have something truly special on their hands, my only disagreement is that they should be based in Singapore!” Anson Zeal - CEO! Bitcoin Remittance Company “Neuroware have been our ‘go to’ guys with respect to blockchains and critical in raising the understanding of distributed ledgers for our senior leadership teams and partners” “Neuroware have consistently been our key consultants with regards to blockchain technology. Their participation provided us with use cases that weren’t first obvious” Amran Hassan! Head of Innovation Max Tiong! Head of FinTech
  40. 40. BUILDING THE FUTURE TOGETHER ! bit.ly/investinneuroware

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