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John Bertrand SAP

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John Bertrand from SAP highlights use cases for blockchain in the commercial banking world.

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John Bertrand SAP

  1. 1. © 2016 SAP SE or an SAP affiliate company. All rights reserved. 1Internal John Bertrand February, 2016 Blockchain and Banking
  2. 2. © 2016 SAP SE or an SAP affiliate company. All rights reserved. 2Internal Potential Use Cases for Financial Services Treasury Derivative Security Trading Insurance Document authenticity Providence Commercial Banking Corporate Debt Syndicated loans Trade Finance Trade Settlement Letter of Credit Retail Banking Remittance services & KYC for credit card usage Payments International correspondent banking method
  3. 3. © 2016 SAP SE or an SAP affiliate company. All rights reserved. 3Internal Blockchain Benefits Reduce costs and complexity With a shared ledger, information can be shared between any participant on the network, eliminating the cost and complexity of involving intermediary layers to interconnect participants Improve discoverability With everyone on an exchange viewing the same ledger, an intention (or offer) can be broadcast by appending it Automate trusted processes Allow each participant to create customized solutions using their own proprietary business logic while running on the same common ledger. Ensure trusted record-keeping The system ensures the immutability of contracts and other legal documents.
  4. 4. © 2016 SAP SE or an SAP affiliate company. All rights reserved. 4Internal De-central network vs. central structure
  5. 5. © 2016 SAP SE or an SAP affiliate company. All rights reserved. 5Internal Centralized Payment Processing Today Solution for processing of all payments in one single system (e.g. domestic, SEPA, x-Border) MY BANK Account Management (E.g. Deposits) SAP Payment Engine Centralized Payment Hub International Payments: Many parties involved, batch oriented
  6. 6. © 2016 SAP SE or an SAP affiliate company. All rights reserved. 6Internal Using Blockchain Tomorrow Two banks involved not four Little time required from leaving the account of the buyer to that of the seller, definitely not four days Cross Border Credit Transfer through Payment Engine using blockchain technology
  7. 7. © 2016 SAP SE or an SAP affiliate company. All rights reserved. 7Internal Summary  Blockchain‘s distributed ledger approach will set the foundation for multi-party networks handling digital assets  Digitizing the value chain, fuelling the collaborative economy together with partners and customers to make the world run better and simpler  Blockchain technology is a convincing way to establish trust amongst trading parties, and reducing cost while abandoning trade in-efficiencies  SAP is involved in market activities as well as running various activities, prove of concepts, analysis of future implications and investments in software solutions, especially using HANA, uber fast in memory, data base
  8. 8. © 2016 SAP SE or an SAP affiliate company. All rights reserved. 8Internal © 2016 SAP SE or an SAP affiliate company. All rights reserved. No part of this publication may be reproduced or transmitted in any form or for any purpose without the express permission of SAP SE or an SAP affiliate company. SAP and other SAP products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of SAP SE (or an SAP affiliate company) in Germany and other countries. Please see http://global12.sap.com/corporate-en/legal/copyright/index.epx for additional trademark information and notices. Some software products marketed by SAP SE and its distributors contain proprietary software components of other software vendors. National product specifications may vary. These materials are provided by SAP SE or an SAP affiliate company for informational purposes only, without representation or warranty of any kind, and SAP SE or its affiliated companies shall not be liable for errors or omissions with respect to the materials. The only warranties for SAP SE or SAP affiliate company products and services are those that are set forth in the express warranty statements accompanying such products and services, if any. Nothing herein should be construed as constituting an additional warranty. In particular, SAP SE or its affiliated companies have no obligation to pursue any course of business outlined in this document or any related presentation, or to develop or release any functionality mentioned therein. This document, or any related presentation, and SAP SE’s or its affiliated companies’ strategy and possible future developments, products, and/or platform directions and functionality are all subject to change and may be changed by SAP SE or its affiliated companies at any time for any reason without notice. The information in this document is not a commitment, promise, or legal obligation to deliver any material, code, or functionality. All forward- looking statements are subject to various risks and uncertainties that could cause actual results to differ materially from expectations. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates, and they should not be relied upon in making purchasing decisions. © 2016 SAP SE or an SAP affiliate company. All rights reserved. No part of this publication may be reproduced or transmitted in any form or for any purpose without the express permission of SAP SE or an SAP affiliate company. SAP and other SAP products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of SAP SE (or an SAP affiliate company) in Germany and other countries. Please see http://global12.sap.com/corporate-en/legal/copyright/index.epx for additional trademark information and notices. Some software products marketed by SAP SE and its distributors contain proprietary software components of other software vendors. National product specifications may vary. These materials are provided by SAP SE or an SAP affiliate company for informational purposes only, without representation or warranty of any kind, and SAP SE or its affiliated companies shall not be liable for errors or omissions with respect to the materials. The only warranties for SAP SE or SAP affiliate company products and services are those that are set forth in the express warranty statements accompanying such products and services, if any. Nothing herein should be construed as constituting an additional warranty. In particular, SAP SE or its affiliated companies have no obligation to pursue any course of business outlined in this document or any related presentation, or to develop or release any functionality mentioned therein. This document, or any related presentation, and SAP SE’s or its affiliated companies’ strategy and possible future developments, products, and/or platform directions and functionality are all subject to change and may be changed by SAP SE or its affiliated companies at any time for any reason without notice. The information in this document is not a commitment, promise, or legal obligation to deliver any material, code, or functionality. All forward- looking statements are subject to various risks and uncertainties that could cause actual results to differ materially from expectations. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates, and they should not be relied upon in making purchasing decisions. © 2016 SAP SE or an SAP affiliate company. All rights reserved. No part of this publication may be reproduced or transmitted in any form or for any purpose without the express permission of SAP SE or an SAP affiliate company. SAP and other SAP products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of SAP SE (or an SAP affiliate company) in Germany and other countries. Please see http://global12.sap.com/corporate-en/legal/copyright/index.epx for additional trademark information and notices. Some software products marketed by SAP SE and its distributors contain proprietary software components of other software vendors. National product specifications may vary. These materials are provided by SAP SE or an SAP affiliate company for informational purposes only, without representation or warranty of any kind, and SAP SE or its affiliated companies shall not be liable for errors or omissions with respect to the materials. The only warranties for SAP SE or SAP affiliate company products and services are those that are set forth in the express warranty statements accompanying such products and services, if any. Nothing herein should be construed as constituting an additional warranty. In particular, SAP SE or its affiliated companies have no obligation to pursue any course of business outlined in this document or any related presentation, or to develop or release any functionality mentioned therein. This document, or any related presentation, and SAP SE’s or its affiliated companies’ strategy and possible future developments, products, and/or platform directions and functionality are all subject to change and may be changed by SAP SE or its affiliated companies at any time for any reason without notice. The information in this document is not a commitment, promise, or legal obligation to deliver any material, code, or functionality. All forward- looking statements are subject to various risks and uncertainties that could cause actual results to differ materially from expectations. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates, and they should not be relied upon in making purchasing decisions.

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