This document discusses how blockchain technology can transform banking and payments beyond bitcoin. It explains that blockchain allows for distributed ledgers that enable trust between transacting parties without intermediaries. A closed-loop payment network is proposed using blockchain that could replace existing credit card networks by enabling real-time settlement with lower costs and improved transparency. However, challenges remain around technology maturity, merchant adoption, and integrating with legacy infrastructure.
On February, 13th at 3pm, Cogite Coworking Space will organized a workshop about Cryptocurrency technologies and Blockchain.
The workshop will covered the following:
- Introduction to Blockchain technology
- Why it matters and why it will change the world?
- Brief introduction to potential use cases
- Highlights of key projects around the world
- The 4th Revolution, an opportunity for Tunisia
- Q&A and debate
Few words about our guest:
The workshop was lead by Walid Driss:Walid is and entrepreneur, co-founder of Blockchain Innovation Group Middle East North Africa.
Blockchain will remove the three major drawbacks of our current payment and banking system -
* Third party dependency- we are dependent on banks and payment systems which has a risk of mishandling and even losing. History have seen banks getting bankrupt with all their customers. Two parties have no way to trace their transactions and are totally dependant on third party for updates. Blockchain removes this third party, it’s like direct exchange between parties irrespective of place and type.
* Time Lost — International transactions takes up to a week which could be cut down to seconds using blockchain. All transaction will be free of time dependency.
* Fee Involved — Current payment system levies huge fee involved in most of the transactions, which can be eradicated or made bare minimal. Imagine paying nothing for international transaction, it would be a dream come true. No Markup, no crazy high currency exchange fees and no second thought.
Bitcoin Customer Support +1-844-948-0641 | Binance customer support Number Binance Support
Bitcoin Binance Support Tollfree Number +1-844-948-0641 We have 24-hour customer support teams to solve your problems with the trading of Bitcoin, Blockchain, BTC support, Binance support. Our helpdesk at Binance will solve your problems.
Capco Blockchain, Distributed Ledger and Cryptocurrencies keynote to IIROC co...Craig Borysowich
blockchain overview with some use cases and automated compliance solution. Delivered to an audience of 400 compliance officers in the securities industry
BlockXen Co., Ltd. Pitch Deck for the Item_Crypto-pay SystemJaewoo Park
The thing is, BlockXen makes people not only be able to THINK, but even PAY for all of the product in terms of Cryptocurrency, not still a Won or Dollar.
Btcadspro and its key features of global currency wallet. Get paid daily and accumulate digital gold which is more valuable than physical gold. You can hence build your our asset daily.
On February, 13th at 3pm, Cogite Coworking Space will organized a workshop about Cryptocurrency technologies and Blockchain.
The workshop will covered the following:
- Introduction to Blockchain technology
- Why it matters and why it will change the world?
- Brief introduction to potential use cases
- Highlights of key projects around the world
- The 4th Revolution, an opportunity for Tunisia
- Q&A and debate
Few words about our guest:
The workshop was lead by Walid Driss:Walid is and entrepreneur, co-founder of Blockchain Innovation Group Middle East North Africa.
Blockchain will remove the three major drawbacks of our current payment and banking system -
* Third party dependency- we are dependent on banks and payment systems which has a risk of mishandling and even losing. History have seen banks getting bankrupt with all their customers. Two parties have no way to trace their transactions and are totally dependant on third party for updates. Blockchain removes this third party, it’s like direct exchange between parties irrespective of place and type.
* Time Lost — International transactions takes up to a week which could be cut down to seconds using blockchain. All transaction will be free of time dependency.
* Fee Involved — Current payment system levies huge fee involved in most of the transactions, which can be eradicated or made bare minimal. Imagine paying nothing for international transaction, it would be a dream come true. No Markup, no crazy high currency exchange fees and no second thought.
Bitcoin Customer Support +1-844-948-0641 | Binance customer support Number Binance Support
Bitcoin Binance Support Tollfree Number +1-844-948-0641 We have 24-hour customer support teams to solve your problems with the trading of Bitcoin, Blockchain, BTC support, Binance support. Our helpdesk at Binance will solve your problems.
Capco Blockchain, Distributed Ledger and Cryptocurrencies keynote to IIROC co...Craig Borysowich
blockchain overview with some use cases and automated compliance solution. Delivered to an audience of 400 compliance officers in the securities industry
BlockXen Co., Ltd. Pitch Deck for the Item_Crypto-pay SystemJaewoo Park
The thing is, BlockXen makes people not only be able to THINK, but even PAY for all of the product in terms of Cryptocurrency, not still a Won or Dollar.
Btcadspro and its key features of global currency wallet. Get paid daily and accumulate digital gold which is more valuable than physical gold. You can hence build your our asset daily.
Blockchain and applications is a masterclass with a range of concepts around blockchain, cryptocurrencies and useful applications for the technology.
From Bitcoin to Ethereum, how a blockchain works, what is a smart-contract, what applications can be built on top of different technologies ant protocols.
Get information about block chain use in trade finance which is presented by Sara Technologies experts team.In this presentation you also see about blockchain consulting services use in trade finance.
Here is the Blockchain and crypto asset markets presentation delivered by Atka.
We are an advisory firm based in Paris, France, specializing in Blockchain and cryptocurrency projects.
Searching around the web for pertinent online Blockchain materials, we noticed that most of the available content was about how Blockchain and Bitcoin work, or about how to invest in cryptocurrencies.
There is actually very little information available online about how to understand blockchain and cryptocurrencies as a market or an asset class, how this market is structured, what the different market segments are, how companies and projects compete, and what the global market dynamics are.
As a result, what we aim to deliver with this business mapping of the Blockchain & cryptocurrency industry since its inception in the late 2010s until the very recent developments of the most advanced applications using this disruptive technology.
Blockchain Essentials and Blockchain on AzureNuri Cankaya
In this presentation I cover from the basics of Blockchain and deep-dive into the possibilities with Microsoft Azure on Blockchain projects.
What is Blockchain
Blockchain Disruption
Blockchain Business Scenarios
Microsoft’s Strategy on Blockchain
Blockchain 2.0: Smart Contracts
Blockchain 3.0: Cryptlets innovation
Blockchain on Microsoft Azure
Bletchley Project
Azure Blockchain Solutions
FirstPartner's 2016 Blockchain Ecosystem Market Map gives a clear visual overview of the emerging blockchain landscape, highlighting key companies, projects, technologies and trends.
The Map summarises three main areas of focus emerging around the core blockchain or distributed ledger protocols:
Bitcoin and Cryptocurrencies: Providing an alternative to centrally managed "fiat" currencies, this sector includes Bitcoin exchanges, Bitcoin wallets, miners and cryptocurrency payment processors. The map illustrates how these companies interact and features some leading players including Coinbase, Circle, Kraken and 21 Inc.
The Financial Services Blockchain: This has been the main area of focus over the last 12 months as attention shifts from Bitcoin to Financial Services applications. An increasing number of players are focussing on commercialising blockchain technologies for banks, securities, derivatives and asset markets and institutional investors - and are attracting VC funding to do so. Ripple and Ethereum are leading candidate protocols for payment processing and smart contracts and players including Ripple, Chain and Digital Asset Holdings are gaining traction with Financial Institutions. The Map highlights leading technology companies and some of the banks, card schemes and processors who are investing in or evaluating distributed ledger technologies.
Other Use Cases: The distributed ledger concept and its ability to support transparent and tamperproof asset registration, proof of ownership and asset transfer transactions makes it potentially applicable to multiple non-financial use cases. The Map highlights a number of candidate use cases including publishing, legal, distributed data storage, document management and IoT. Some of the pioneering initiatives and companies exploring these applications are included.
Crucially the Map also provides a clear pictorial explanation and summary of the leading protocols at the heart of the ecosystem and concepts including coloured coins and smart contracts that supplement them to make a number of the proposed services possible.
You can download a copy of the map at www.firstpartner.net.
FirstPartner's 2016 Blockchain Ecosystem Market Map helps to decrypt the blockchain landscape with a visual overview of the emerging ecosystem, players, technologies and trends. It clearly summarises three main areas of focus emerging around the core blockchain or distributed ledger protocols:
1) Bitcoin and Cryptocurrencies: Providing an alternative to centrally managed "fiat" currencies, this sector includes Bitcoin exchanges, Bitcoin wallets, miners and cryptocurrency payment processors. The map illustrates how these companies interact and features some leading players including Coinbase, Circle, Kraken and 21 Inc.
2) The Financial Services Blockchain: This has been the main area of focus over the last 12 months as attention shifts from Bitcoin to Financial Services applications. An increasing number of players are focussing on commercialising blockchain technologies for banks, securities, derivatives and asset markets and institutional investors - and are attracting VC funding to do so. Ripple and Ethereum are leading candidate protocols for payment processing and smart contracts and players including Ripple, Chain and Digital Asset Holdings are gaining traction with Financial Institutions. The Map highlights leading technology companies and some of the banks, card schemes and processors who are investing in or evaluating distributed ledger technologies.
3) Other Use Cases: The distributed ledger concept and its ability to support transparent and tamper-proof asset registration, proof of ownership and asset transfer transactions makes it potentially applicable to multiple non financial use cases. The Map highlights a number of candidate use cases including publishing, legal, distributed data storage, document management and IoT. Some of the pioneering initiatives and companies exploring these applications are included.
Crucially the Map also provides a clear pictorial explanation and summary of the leading protocols at the heart of the ecosystem and concepts including coloured coins and smart contracts that supplement them to make a number of the proposed services possible.
A printable version of the map can be downloaded from www.firstpartner.net.
MindWorks Ventures presents 'Blockchain Report 2017' which includes an introduction to blockchain, industry trends, relevant blockchain startups, and potential risks and regulations.
We have implemented a solution for the OTC trade based on Ethereum and IPFS, covering the regulations of Mifid 2 and Finfrag. OTC is an abbreviation of Over-the-Counter (trading). It has always been an important pillar of activity for financial institutions. Bilateral OTC trading is attractive, because transactions can be kept more private than when trading via a market exchange (a central counterparty CPP), and there are less fees to be paid. We have set out to build a Blockchain-based Clearing and Settlement system that fixes the deficiencies of OTC trading, without scarifying the advantages. Blockchain technology is ideal to achieve this.
https://www.meetup.com/bitcoin-barcelona/events/236961113/?eventId=236961113&chapter_analytics_code=UA-68616111-1
What is a "Smart Contract"?
What Smart Contracts are useful for?
How to improve business processes using Smart Contracts?
How can blockchain reinvent the events industryMelissa Lou
Blockchain technology has recently been at the forefront of tech news. Is it really capable of revolutionising the world? Or is it just another bubble that has already started its downfall? There are many uses of the blockchain for a wide range of industries that often go unheard of because of blockchain's heavy association with cryptocurrencies. One might be surprised to find out that this technology could one day change the way we plan events and benefit both buyers and sellers alike. Melissa Lou, co-founder of Delegate speaks at ITB Asia 2018 and unravels this often misunderstood technology and gives a brief overview of what the events industry could be with the power of blockchain.
Blockchain and applications is a masterclass with a range of concepts around blockchain, cryptocurrencies and useful applications for the technology.
From Bitcoin to Ethereum, how a blockchain works, what is a smart-contract, what applications can be built on top of different technologies ant protocols.
Get information about block chain use in trade finance which is presented by Sara Technologies experts team.In this presentation you also see about blockchain consulting services use in trade finance.
Here is the Blockchain and crypto asset markets presentation delivered by Atka.
We are an advisory firm based in Paris, France, specializing in Blockchain and cryptocurrency projects.
Searching around the web for pertinent online Blockchain materials, we noticed that most of the available content was about how Blockchain and Bitcoin work, or about how to invest in cryptocurrencies.
There is actually very little information available online about how to understand blockchain and cryptocurrencies as a market or an asset class, how this market is structured, what the different market segments are, how companies and projects compete, and what the global market dynamics are.
As a result, what we aim to deliver with this business mapping of the Blockchain & cryptocurrency industry since its inception in the late 2010s until the very recent developments of the most advanced applications using this disruptive technology.
Blockchain Essentials and Blockchain on AzureNuri Cankaya
In this presentation I cover from the basics of Blockchain and deep-dive into the possibilities with Microsoft Azure on Blockchain projects.
What is Blockchain
Blockchain Disruption
Blockchain Business Scenarios
Microsoft’s Strategy on Blockchain
Blockchain 2.0: Smart Contracts
Blockchain 3.0: Cryptlets innovation
Blockchain on Microsoft Azure
Bletchley Project
Azure Blockchain Solutions
FirstPartner's 2016 Blockchain Ecosystem Market Map gives a clear visual overview of the emerging blockchain landscape, highlighting key companies, projects, technologies and trends.
The Map summarises three main areas of focus emerging around the core blockchain or distributed ledger protocols:
Bitcoin and Cryptocurrencies: Providing an alternative to centrally managed "fiat" currencies, this sector includes Bitcoin exchanges, Bitcoin wallets, miners and cryptocurrency payment processors. The map illustrates how these companies interact and features some leading players including Coinbase, Circle, Kraken and 21 Inc.
The Financial Services Blockchain: This has been the main area of focus over the last 12 months as attention shifts from Bitcoin to Financial Services applications. An increasing number of players are focussing on commercialising blockchain technologies for banks, securities, derivatives and asset markets and institutional investors - and are attracting VC funding to do so. Ripple and Ethereum are leading candidate protocols for payment processing and smart contracts and players including Ripple, Chain and Digital Asset Holdings are gaining traction with Financial Institutions. The Map highlights leading technology companies and some of the banks, card schemes and processors who are investing in or evaluating distributed ledger technologies.
Other Use Cases: The distributed ledger concept and its ability to support transparent and tamperproof asset registration, proof of ownership and asset transfer transactions makes it potentially applicable to multiple non-financial use cases. The Map highlights a number of candidate use cases including publishing, legal, distributed data storage, document management and IoT. Some of the pioneering initiatives and companies exploring these applications are included.
Crucially the Map also provides a clear pictorial explanation and summary of the leading protocols at the heart of the ecosystem and concepts including coloured coins and smart contracts that supplement them to make a number of the proposed services possible.
You can download a copy of the map at www.firstpartner.net.
FirstPartner's 2016 Blockchain Ecosystem Market Map helps to decrypt the blockchain landscape with a visual overview of the emerging ecosystem, players, technologies and trends. It clearly summarises three main areas of focus emerging around the core blockchain or distributed ledger protocols:
1) Bitcoin and Cryptocurrencies: Providing an alternative to centrally managed "fiat" currencies, this sector includes Bitcoin exchanges, Bitcoin wallets, miners and cryptocurrency payment processors. The map illustrates how these companies interact and features some leading players including Coinbase, Circle, Kraken and 21 Inc.
2) The Financial Services Blockchain: This has been the main area of focus over the last 12 months as attention shifts from Bitcoin to Financial Services applications. An increasing number of players are focussing on commercialising blockchain technologies for banks, securities, derivatives and asset markets and institutional investors - and are attracting VC funding to do so. Ripple and Ethereum are leading candidate protocols for payment processing and smart contracts and players including Ripple, Chain and Digital Asset Holdings are gaining traction with Financial Institutions. The Map highlights leading technology companies and some of the banks, card schemes and processors who are investing in or evaluating distributed ledger technologies.
3) Other Use Cases: The distributed ledger concept and its ability to support transparent and tamper-proof asset registration, proof of ownership and asset transfer transactions makes it potentially applicable to multiple non financial use cases. The Map highlights a number of candidate use cases including publishing, legal, distributed data storage, document management and IoT. Some of the pioneering initiatives and companies exploring these applications are included.
Crucially the Map also provides a clear pictorial explanation and summary of the leading protocols at the heart of the ecosystem and concepts including coloured coins and smart contracts that supplement them to make a number of the proposed services possible.
A printable version of the map can be downloaded from www.firstpartner.net.
MindWorks Ventures presents 'Blockchain Report 2017' which includes an introduction to blockchain, industry trends, relevant blockchain startups, and potential risks and regulations.
We have implemented a solution for the OTC trade based on Ethereum and IPFS, covering the regulations of Mifid 2 and Finfrag. OTC is an abbreviation of Over-the-Counter (trading). It has always been an important pillar of activity for financial institutions. Bilateral OTC trading is attractive, because transactions can be kept more private than when trading via a market exchange (a central counterparty CPP), and there are less fees to be paid. We have set out to build a Blockchain-based Clearing and Settlement system that fixes the deficiencies of OTC trading, without scarifying the advantages. Blockchain technology is ideal to achieve this.
https://www.meetup.com/bitcoin-barcelona/events/236961113/?eventId=236961113&chapter_analytics_code=UA-68616111-1
What is a "Smart Contract"?
What Smart Contracts are useful for?
How to improve business processes using Smart Contracts?
How can blockchain reinvent the events industryMelissa Lou
Blockchain technology has recently been at the forefront of tech news. Is it really capable of revolutionising the world? Or is it just another bubble that has already started its downfall? There are many uses of the blockchain for a wide range of industries that often go unheard of because of blockchain's heavy association with cryptocurrencies. One might be surprised to find out that this technology could one day change the way we plan events and benefit both buyers and sellers alike. Melissa Lou, co-founder of Delegate speaks at ITB Asia 2018 and unravels this often misunderstood technology and gives a brief overview of what the events industry could be with the power of blockchain.
1. H O W B L O C K C H A I N W I L L T R A N S F O R M
B A N K I N G & P A Y M E N T S
BEYOND BITCOIN
2. DX Markets
2
DX Markets is a FinTech start-up that enables
financial companies to leverage blockchain
technology and integrate it into their financial
processes.
A B O U T U S
4. M A R C E L O G A R C Í A C A S I L
C E O , D X M A R K E T S
+65 9272 5217
marcelo.garciacasil@dxmarkets.com
DX Markets
Marcelo is a financial technology
expert; having 10+ years of
experience building capital markets
solutions for investment banks.
With DX Markets, Marcelo is
involved in developing technology
solutions using blockchain technology
in a number of areas within banking
streams.
4
6. Distributed, Auditable & Secure
Blockchains are distributed shared databases that
allow multiple parties to maintain a ledger of
financial transactions that are auditable, tamper-
proof and cryptographically secure.
6
8. Key Advantages
Trust
Blockchain ledgers
enable parties to
transact with each
other without requiring
a trusted intermediary.
Consensus
Transactions are
validated by a system of
distributed participants
that reach consensus
based on pre-defined
business rules.
8
Auditing
Ledger records are
tamper-proof; protected
by cryptography.
Built-in audit trails
enable full traceability of
transactions.
10. O P E N - L O O P P A Y M E N T N E T W O R K
CARDHOLDER MERCHANT
CREDIT CARD
NETWORK
CARD ISSUER ACQUIRER
LEGEND:
Financial
Flow
Information
Flow
Purchase
Merchant transmits
transaction to Acquirer
2
1
10
Acquirer transmits
transaction to
Network
3
Network transmits
transaction to Issuer
4
Issuer bills
holder for the
transaction
5
Cardholder pays
total amount
6
Issuer pays
Network less fees
7 Network pays
Acquirer less fees
8
Acquirer pays
Merchant less fees
9
11. 11
P R O B L E M S W I T H E X I S T I N G S Y S T E M
r High transaction costs
r Slow clearing cycle
r Expensive cross-border settlement
r Lack of transparency
13. C L O S E D - L O O P P A Y M E N T N E T W O R K
13
CARDHOLDER A MERCHANTXYZ
CARD ISSUER
BLOCKCHAIN
transaction ID:
xxx..........xxx
amount: $20.00
recipient: XYZ
BLOCKCHAIN LEDGER
Merchant sends
payment request
by creating an
unsigned
blockchain
transaction
1
LEGEND:
Financial
Flow
Information
Flow
Operates Network PaymentRequest
14. C L O S E D - L O O P P A Y M E N T N E T W O R K
14
CARDHOLDER A MERCHANTXYZ
CARD ISSUER
BLOCKCHAIN
transaction ID:
xxx..........xxx
amount: $20.00
recipient: XYZ
BLOCKCHAIN LEDGER
Merchant sends
payment request
by creating an
unsigned
blockchain
transaction
1
LEGEND:
Financial
Flow
Information
Flow
Operates Network PaymentRequest
15. C L O S E D - L O O P P A Y M E N T N E T W O R K
15
CARDHOLDER A MERCHANTXYZ
CARD ISSUER
BLOCKCHAIN
transaction ID:
xxx..........xxx
amount: $20.00
recipient: XYZ
signed by: Alice
BLOCKCHAIN LEDGER
Merchant sends
payment request
by creating an
unsigned
blockchain
transaction
1
LEGEND:
Financial
Flow
Information
Flow
Operates Network
2 Customer digitally
signs the transaction
PaymentRequest
16. C L O S E D - L O O P P A Y M E N T N E T W O R K
16
CARDHOLDER A MERCHANTXYZ
CARD ISSUER
BLOCKCHAIN
transaction ID:
xxx..........xxx
amount: $20.00
recipient: XYZ
signed by: Alice
---
TRANSACTION
CONFIRMED
---
BLOCKCHAIN LEDGER
Merchant sends
payment request
by creating an
unsigned
blockchain
transaction
1
LEGEND:
Financial
Flow
Information
Flow
Operates Network
2 Customer digitally
signs the transaction
and it is confirmed
on the ledger.
PaymentRequest
IOUs
17. C L O S E D - L O O P P A Y M E N T N E T W O R K
17
CARDHOLDER A MERCHANTXYZ
CARD ISSUER
BLOCKCHAIN
transaction ID:
xxx..........xxx
amount: $20.00
recipient: XYZ
signed by: Alice
---
TRANSACTION
CONFIRMED
---
BLOCKCHAIN LEDGER
Merchant sends
payment request
by creating an
unsigned
blockchain
transaction
1
LEGEND:
Financial
Flow
Information
Flow
Card issuer bills
holder for the
transaction
3
Operates Network
2 Customer digitally
signs the transaction
and it is confirmed
on the ledger.
PaymentRequest
IOUs
18. C L O S E D - L O O P P A Y M E N T N E T W O R K
18
CARDHOLDER A MERCHANTXYZ
CARD ISSUER
BLOCKCHAIN
transaction ID:
xxx..........xxx
amount: $20.00
recipient: XYZ
signed by: Alice
---
TRANSACTION
CONFIRMED
---
BLOCKCHAIN LEDGER
Merchant sends
payment request
by creating an
unsigned
blockchain
transaction
1
LEGEND:
Financial
Flow
Information
Flow
Card issuer bills
holder for the
transaction
3
Cardholder pays
total amount
4
Operates Network
2 Customer digitally
signs the transaction
and it is confirmed
on the ledger.
PaymentRequest
IOUs
19. C L O S E D - L O O P P A Y M E N T N E T W O R K
19
CARDHOLDER A MERCHANTXYZ
CARD ISSUER
BLOCKCHAIN
transaction ID:
xxx..........xxx
amount: $20.00
recipient: XYZ
signed by: Alice
---
TRANSACTION
CONFIRMED
---
BLOCKCHAIN LEDGER
Merchant sends
payment request
by creating an
unsigned
blockchain
transaction
1
Card issuer pays merchant
in exchange for IOUs
5
LEGEND:
Financial
Flow
Information
Flow
Card issuer bills
holder for the
transaction
3
Cardholder pays
total amount
4
Operates Network
2 Customer digitally
signs the transaction
and it is confirmed
on the ledger.
PaymentRequest
IOUs
20. 20
B E N E F I T S O F B L O C K C H A I N S O L U T I O N
Ø No intermediaries
Ø Lower transaction costs
Ø Faster clearing times
Ø Transparent system
Ø Simplified cross-border settlement
21. O P E N - L O O P P A Y M E N T N E T W O R K
CARDHOLDER MERCHANT
CREDIT CARD
NETWORK
CARD ISSUER ACQUIRER
LEGEND:
Financial
Flow
Information
Flow
Purchase
Merchant transmits
transaction to Acquirer
2
1
21
Acquirer transmits
transaction to
Network
3
Network transmits
transaction to Issuer
4
Issuer bills
holder for the
transaction
5
Cardholder pays
total amount
6
Issuer pays
Network less fees
7 Network pays
Acquirer less fees
8
Acquirer pays
Merchant less fees
9
22. C L O S E D - L O O P P A Y M E N T N E T W O R K
22
CARDHOLDER MERCHANT
CARD ISSUER
BLOCKCHAIN
QR CODE
EMV CARD
Card issuer bills
holder for the
transaction
3
Cardholder pays
total amount
4
Card issuer compensates
merchant less fees
5
Purchase1
LEGEND:
Financial
Flow
Information
Flow
Payment request sent,
signed and confirmed
to blockchain.
2
Operates Network
23. C L O S E D - L O O P P A Y M E N T N E T W O R K
23
MERCHANTA
CARD ISSUER A
MERCHANTB
MERCHANTC
CARD ISSUER B
BLOCKCHAIN
24. 24
O P E N - L O O P V S . C L O S E D - L O O P N E T W O R K
TRANSACTION
COST ~3% ~1-2%
REAL-TIME
SETTLEMENT
PROCESSING
TIME AT P.O.S.
TRANSPARENCY
OFFLINE
PAYMENT
SECURITY
C R E D I T C A R D
N E T W O R K
TRANSACTION
FLOW
B L O C K C H A I N
N E T W O R K
Via Intermediaries Direct
Immediate Immediate
Chip-and-PIN Cryptography
25. 25
C H A L L E N G E S
Ø Technology not fully mature yet
Ø Merchant adoption
Ø Transaction volume
Ø Legacy infrastructure
26. 26
C O N C L U S I O N
Ø Blockchain technologycan be used to create a closed-loop payment
system that is more efficient than the existing credit card infrastructure.
Ø Using a shared ledger improves transparency, enables real-time
settlement and reduces clearing times.
Ø Blockchain, as a financial messaging network, reduces transaction cost
by removing the need for intermediaries.
Ø Shared ledger technology presents a great market opportunity for early
adopters, albeit with some challenges.
27. 27
Questions?
W W W . D X M A R K E T S . C O M
M A R C E L O . G A R C I A C A S I L @ D X M A R K E T S . C O M
