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CES 2017 FinTech trend: Blockchain Technology by Mark Mueller-Eberstein, Adgetec



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Trend you can't miss at #CES2017 in Las Vegas.
Mark Mueller-Eberstein (Advisor to CXOs and CEO of Adgetec), explains how blockchain technology is changing not only #FinTech, but broader industry and why #China has a special opportunity for success leveraging the innovation.

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CES 2017 FinTech trend: Blockchain Technology by Mark Mueller-Eberstein, Adgetec

  1. 1. Conference Program Explore new worlds of knowledge
  2. 2. The Next Radical Internet Transformation: Blockchain Technology AND WHY CHINA WILL DRIVE THE INNOVATION Mark Mueller-Eberstein Rutgers University QIIR CEO of Adgetec Corporation @MarkMEberstein WeChat: MarkMEberstein
  3. 3. In the early 1990s… We were discussing if the internet will impact mail service organizations Nobody thought about shopping, entertainment or finance
  4. 4. Blockchain Technology Solves the problem of transfer of value between internet users without having to rely on a third party.
  5. 5. New Economic models previously impossible before the emergence of bitcoin distributed ledger "Cryptoeconomics" can provide the underlying economic principles that empower the fast scaling, shared economy demanding new banking models.
  6. 6. Mark Mueller-Eberstein & Adgetec Corporation What differentiates Winners from Losers? Low IT Capability Maturity HIGH IT Capability Maturity Mark Mueller-Eberstein & Adgetec Corporation
  7. 7. Mark Mueller-Eberstein & Adgetec Corporation “Top Companies in 2007” Low IT Capability Maturity HIGH IT Capability Maturity
  8. 8. Mark Mueller-Eberstein & Adgetec Corporation “….. And where they are in 2016” Low IT Capability Maturity HIGH IT Capability Maturity
  9. 9. Blockchain Technology: Peer-to-peer network, secured by cryptography and proof-of-work Mark Mueller-Eberstein & Adgetec Corporation Blockchains: Public / Open “Private” Government Some Blockchains: Some Crypto Currencies:
  10. 10. Blockchain Technology allows old and new players to offer new services to their customers
  11. 11. How “real” is blockchain technology?  Goldman-Sachs invest $500+ Million  Microsoft declares “blockchain” as one of the key “must win” workloads for their Azure platform and business  R3 group (banks) use for bond trading (9/2016)  15% of top global banks intending to roll out full-scale, commercial blockchain products in 2017 (IBM survey)  Some governments invest into developing their own “local” blockchains Mark Mueller-Eberstein & Adgetec Corporation
  12. 12. Blockchain Tech beyond currency and financial industry… … Think any kind of transaction and related services… Mark Mueller-Eberstein & Adgetec Corporation
  13. 13. … for example…. • Records of estates • Records of shares • Any financial transaction • Central Trust (“Escrow”) for any kind of deals • Voting • Domain control (DNS) • Messaging (“signed and unchangeable”) • IP management • IoT • Supply Chain Management • … Mark Mueller-Eberstein & Adgetec Corporation
  14. 14. Paying Amazon and Starbucks with Bitcoin
  15. 15. Global organization with lots of different business units, secure IoT and logistics needs
  16. 16. Even Disney does (their own, open source) Blockchain
  17. 17. Governments and Blockchain Technology APEC Estonia Washington State China
  18. 18. Shenzhen as Blockchain Tech capital • Government support • PBOC HQ for digital currency • Test run of China’s digital currency • Tencent (WeChat pay) • Huawei (Cloud and Network) • Pingan Group, China’s Merchants Bank, Dacheng Fund • Bitbank HQ (e.g. top tier miner) • Universities: teach blockchain • RMB devaluation • Hong Kong compete • Strong positon in emerging markets “Digital Currency Experimentation Zone”
  19. 19. Milton Friedman: “Eventually, there will be a digital value system beyond the nation state.” Mark Mueller-Eberstein & Adgetec Corporation
  20. 20. Blockchain Technology in 2017 and beyond • Blockchain technology is revolutionizing the world economy • Trust is established through peer-to-peer mass collaboration and sophisticated computer code rather than through a central powerful institution (bank or government) • Changing transactions and interactions in finance, business, international collaboration and government’s tool chests • Agile organizations create completely new transaction and business models of value creation and distribution • Chinese players will be driving innovation Mark Mueller-Eberstein & Adgetec Corporation
  21. 21. THANK YOU!   Twitter: MarkMEberstein  US +1 855.423.4383 Mark Mueller-Eberstein The Innovation Economy Research Institute CEO of Adgetec Corporation Bestselling Author WeChat: MarkMEberstein Mark Mueller-Eberstein & Adgetec Corporation