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Blockchain Deconstructed - by nexxworks

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deconstructed
Blockchain
What isit & what doesit mean for your industry?

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Business
explanation
A NON-TECHNICAL
*Wepromise!
*

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Understand
Blockchain & Bitcoin
IN 20 SLIDES

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Blockchain Deconstructed - by nexxworks

There has been a lot of buzz around blockchain, and its most popular application Bitcoin. But what can organisations actually do with it, and what does it mean for you?

Find out more here about its potential, ecosystem, most popular start-ups and 15 promising cases in 5 different industries: Retail, Financial Services, Healthcare, Real Estate & Insurance.

There has been a lot of buzz around blockchain, and its most popular application Bitcoin. But what can organisations actually do with it, and what does it mean for you?

Find out more here about its potential, ecosystem, most popular start-ups and 15 promising cases in 5 different industries: Retail, Financial Services, Healthcare, Real Estate & Insurance.

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Blockchain Deconstructed - by nexxworks

  1. 1. deconstructed Blockchain What isit & what doesit mean for your industry?
  2. 2. Business explanation A NON-TECHNICAL *Wepromise! *
  3. 3. Understand Blockchain & Bitcoin IN 20 SLIDES
  4. 4. + 15 REAL CASES FROM 5 INDUSTRIES FINANCIAL SERVICES INSURANCE REAL ESTATE HEALTHCARE RETAIL GO!
  5. 5. SURE Areyou in themood for a definition? NOPE WHAT?Block Watch this2 min video via Instuteof theFuture Blockchain isa peer-to-peer distributed ledger technology for transactional applications "" "" nexxworksSeptember 2016
  6. 6. DEFINITIONS ARE PRETTY... BORING. HOW DOES THAT BLOCKCHAIN STUFF WORK? BLOCKCHAIN TECHNOLOGYTRADITIONAL TRANSACTION SYSTEMS requirea third party to executeand verify transactions. eliminatestheneed for a third party to executeand verify transactions. *Seefurtheron Two examples: 1. To transfer *, you need the to executethetransaction. 2. aretriggered by an event and self-executed by a BITCOIN NETWORK OF PEERS SMART CONTRACTS PRE-DEFINED ALGORITHM Two examples: 1. To transfer , you need the to executethetransaction. 2. You depend on your to properly executeyour MONEY BANK INSURANCE BROKER INSURANCE POLICY VS. nexxworksSeptember 2016
  7. 7. Central authority Traditional centralised ledger system Distributed ledger system nexxworksSeptember 2016
  8. 8. Transactionsarerun on onecentralised ledger, managed by thecentral authority in charge: for examplea bank or a notary. Thisthird party actsasa , and chargesa feeto do so. Thismakes transactionsslowand expensive. It isalso not transparent and dependent on thecentral authority'ssecurity measures. Thismakesit sensitiveto fraud and theft. CENTRAL INTERMEDIARY Transactionsarerun on a distributed ledger, managed by 1000sof computers: a network of peers. Transactionsareonly executed after by all peersin thenetwork. No third party isinvolved. Thishappensalmost instantaneously. Thismakesblockchain unforgeable. It also makesit faster and cheaper. UNANIMOUS DECENTRAL VERIFICATION nexxworksSeptember 2016 BLOCKCHAIN TECHNOLOGYTRADITIONAL TRANSACTION SYSTEMS
  9. 9. Public but anonymousdatabase Open-sourcecode TRANSPARENCY Unforgeablevalidation by 1000sof computers Cryptographic signatures= security SECURITY Decentralised direct exchange No 3rd party needed PEER-TO-PEER 3 KEY PRINCIpleS nexxworksSeptember 2016
  10. 10. REDUCES TIME REDUCES COSTREDUCES RISK All peersmust unanimously validatetransaction Send 500€ from Belgium to India in 5secondsinstead of 2 to 5days Removescostsof intermediaires (bank, notary,...) 3 KEy BENEFITS nexxworksSeptember 2016
  11. 11. IT ALL STARTED WITH Bitcoin Bitcoin isthe1st Blockchain application ever. Bitcoin isa cryptocurrency created and maintained on distributed ledger technology (DLT) called Blockchain. Bitcoin isto Blockchain what email wasto theInternet: a first killer application. nexxworksSeptember 2016
  12. 12. Bitcoin (BTC) isa cryptocurrency: a digital currency which isheld in your digital wallet. Bitcoin isoneof thefastest growing currenciesof thepast years. Today, 1 Bitcoin isworth $604,88. (click herefor current price) Bitcoin isindependent from any authority such asa bank or government. Exchangesarethereforemuch faster and cheaper. In 2009, thefirst Bitcoin wasworth lessthan $0,01. nexxworksSeptember 2016
  13. 13. $10B market cap 2008 2016 1 BTC = $0,01 ... Whitepaper by Satoshi Nakomoto = inception blockchain BITCOIN HIGHLIGHTS 1 BTC = $670 Man buysa $25pizza with 10.000 BTC. In today'sBTC value that'sa $6.7M pizza! All-timeBTC high dueto speculation 1 BTC = $1216 Bitcoin launched 2009 2013 via Coindesk historic BTC prices nexxworksSeptember 2016
  14. 14. The Blockchain Ecosystem +/- 500 companiesin bitcoin & blockchain spaceanalyzed worldwide 8 MAIN CATEGORIES 1. Smart contract category $500 M invested 2. Bitcoin payment category $250 M invested via Quid deep search tool A man bought $27 worth of Bitcoin in 2008, forgetsabout it. 4 yearslater hefinds them again and sellsfor $800.000 SAY WHAT? nexxworksSeptember 2016
  15. 15. STARTUP FUNDING Morethan $1B invested worldwide in 138 Venture-Capital-backed bitcoin & blockchain startups of thosearebased in Silicon Valley 51% nexxworksSeptember 2016
  16. 16. 21 Inc. Circle Coinbase $136M $121M $117M via CNN, Crunchbase& Coindesk - Stateof Blockchain Q1 2016 MOST FUNDED BLOCKCHAIN & BITCOIN STARTUPS Total invested: Startup: nexxworksSeptember 2016
  17. 17. AndYOURIndustry? Financial services Howto digitally manageasset trading - Nasdaq Linq Howto savebillionson international transaction fees- Ripple Howto hold and transfer money securely without banks- Circle INSURANCE Howto automateinsurance& claims handling - InsurETH Howto eliminateinsurancefraud - Everledger Howto providepeer-to-peer insurance - Dynamis Click thelinksto discover thewholestory nexxworksSeptember 2016
  18. 18. HEALTHCARE Howto speed up research by distributing processing power - FoldingCoin Howto securely centralise electronic digital records- Gem Howto eliminatecounterfeit drugs - BlockVerify nexxworksSeptember 2016
  19. 19. retail Howto providetransparency in provenanceof products- Provenance Howto enablea platform for inter-device commerce- IBM ADEPT Howto deliver energy with autonomous micro-payments- RWE & Slock.it REAL ESTATE Howto securely verify identity & detect fraud - TrustStamp Howto makeownership transfer in real estatefast & easy - Ubitquity Howto decentralise& disintermediate buying & selling of real estate- REX nexxworksSeptember 2016
  20. 20. Download the infographic nexxworksSeptember 2016 Blockchain deconstructed HERE
  21. 21. Check howthenexxworksIgnition Bootcampscan inspireyou with thelatest market evolutionsand changeyour innovation DNA. nexxworksSeptember 2016 www.nexxworks.com @nexxworks Sharethis: Written by Juliedela Kethulle- julie@nexxworks.com

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