Blockchain48 is an alliance aimed at advancing blockchain technology in Arizona, facilitating innovation in various sectors including banking and finance. Key challenges include a lack of understanding among traditional banks, negative perceptions of cryptocurrencies, and regulatory ambiguity, which hinder broader adoption. Notable players and applications in the blockchain space are discussed, highlighting the potential for enhanced transparency, efficiency, and new financial products.

1. Blockchain48 is an alliance of community
leaders, organizations, businesses and
governmental entities focused on growing
blockchain based technology innovation for
the purpose of positioning Arizona as a
Worldwide Leader in this new Technological
Revolution.
EDUCATE, CONNECT, INNOVATE

2. Banking on the Blockchain
Tim Rocho
Blockchain Banking Advisor
Blockchain48 Summit
“Beyond the HYPE”
November 19th, 2018

3. Where it all Began, just A Decade Ago
Bitcoin:
A Peer-to-Peer Electronic Cash System
Satoshi Nakamoto
A purely peer-to-peer version of electronic cash would allow online
payments to be sent directly from one party to another without
going through a financial institution (trustless system). Digital
signatures provide part of the solution, but the main benefits are
lost if a trusted third party is still required to prevent double-
spending. We propose a solution to the double-spending problem
using a peer-to-peer network. The network timestamps transactions
by hashing them into an ongoing chain (blockchain) of hash-based
(cryptographic) proof-of-work, forming a record that cannot be
changed (immutable) without redoing the proof-of-work.

4. Jamie Dimon, CEO of JP
Morgan Chase, says “if
you’re ‘stupid’ enough to
buy bitcoin, you’ll pay
the price one day”
“I could care less about bitcoin. I don’t know why I said anything about
it. The blockchain is a technology which is a good technology. We actually
use it. It will be useful in a lot of different things. God bless the
blockchain. Cryptocurrencies, digital currencies, I think are also fine.
JPMorgan moves $6 trillion around the world every day, and we don’t do it
in cash, it’s done digitally”.

5. Confusion???
So Isn’t Everything that
“Bitcoin” thing?
Blockchain
Distributed Ledger Technology (DLT)
Cryptocurrency
Digital Currency
Digital Assets
Smart Contracts

6. Applications for Blockchain in
Banking and Finance
• P2P payments
• Cross Border Payments
• KYC & Identity Management
• Loans
• Trading and Asset Issuing STO’s, ICO’s, TGE’s
• Speed and Transparency
• Multiple Assets accessed on one App or Platform
• Compliance Oversight AML/BSA, FFEIC, FinCen

7. Unparalleled Transparency

8. If this is so great why do we have so
many Barriers of Entry and Adoption?
• The traditional Banking industry doesn't full understand the Technology
• Consumers don’t fully understand cryptocurrency
• Cryptocurrency, ICO’s carry a negative connotation in the General Public
• Consumers are just beginning to use Digital Wallets for Traditional Payments
• Regulations are Not Clear and Banks and FI’s like to know the Rules
• Merchant don’t have an easy way to accept Crypto and don’t want price risk
• No Company has Scaled the use of Digital Currency
• Why change to a Cryptocurrency system when FIAT Money works Fine?
• If the System Ain’t Broke, Why try to Fix It?

9. Inflection Point 2019
The Dawning of Blockchain Adoption

10. Going Forward
High Level Participation
Patents
Some Key Players
Real World Applications
Banking The Future

11. Notable Blockchain
Patent Players

12. Stellar Network XLM
A European licensed provider serving 43 Countries 3000 partners
Pundi X An Indonesian FinTech company deploying a POS Device,
Debit Card and Multicurrency Wallet for Merchant Deployment
Interstellar is a Technology Partner Building Applications on
Stellar…formerly CHAIN, providing Enterprise level Applications
like “Sequence” that will move assets between private ledgers

13. IBM Hyperledger
Robust Framework

14. JP Morgan Chase Quorum
• Ethereum/Hyperledger Based Enterprise Level Framework For:
• Interbank Information Network (IIN) (75+ members)
• Tokenizing Gold
• Transactions
• Contracts
• Digital Currencies
• Money Transfer and Cross Border Remittance

15. Bitshares.org
Blockchain
• Decentralized Autonomous Cooperation (DAC)
• Decentralized Exchange
• Delegated Proof of Work System
• Price Stable Currency (175% reserves)
• Multiple Assets Classes able to be Listed and Traded
• Bitshares Foundation and Community Support

16. Real-Time Global Payments across 100 FI’s and 27 Countries
On Demand Liquidity
Lower Costs than Traditional Rails
End to End Visibility into Fees, Transaction Status, Customer
Info
“Standardized” Centralized Network

17. Next Steps
Bank and Association Incubation,
Partnership and Acceptance
• VISA & MasterCard (over their networks?)
• Metropolitan Commercial Bank: Coinbase, Shift, BitPay, MCO
• Cross River Bank: TransferWise, Coinbase, Upstart, API’s
• CBW Bank: Blockchain and Crypto Friendly
• SilverGate Bank: Digital Exchanges, Fintech, Payments
• New Bank Acquisitions taking place to Incubate and Deploy
Innovative Domestic and Cross-Border Payment Programs,
Financial Inclusion and Cannabis Banking in the USA

18. CONTACT
INFORMATION
Tim Rocho
Founder/CEO
Set for Life Financial, LLC
Principal Consultant
Pecunia Advisors
trocho@setforlifefinancial.com
LinkedIn timrocho
Skype tim.rocho
FinTech. Banking. Payments.
Blockchain , Crypto and
Compliance Advisor, Keynote
Speaker, Growth Hacker