Bit Trade Labs at FinTech Summit 2016, Sydney

1. @bittradelabs

2. Narrative:
A spoken or written
account of connected
events; a story.

3. The longest chain serves as
proof of the sequence of
events witnessed...
- Satoshi

4. A shared,
immutable
narrative.
What is the
Blockchain?

5. Sovereign Identity
The ObjectChain Collaboration

6. Bit Trade Labs are currently
developing the ObjectChain identity
scheme, a program funded by
Barclays Bank in the UK.
The ObjectChain Collaboration:

7. The Problem of Identity in 2016

8. Ancient Problem, Ancient Infrastructure
[1] Why Cylinder Seals? Engraved Cylindrical Seal Stones of the Ancient Near East, Fourth to First Millennium B.C. Edith Porada, The Art Bulletin,
Vol. 75, No. 4 (Dec., 1993), pp. 563-582
Older than the number ‘0’!

9. [2] Why Do We Sign for Things?, http://www.npr.org/templates/transcript/transcript.php?storyId=345820789
Ancient Infrastructure: Signatures

10. [3] A Brief History of the Passport http://www.theguardian.com/travel/2006/nov/17/travelnews
Ancient Infrastructure: Passports

11. Financial System Inquiry:
[4] http://fsi.gov.au/publications/final-report/chapter-3/digital-identity/#P112_26057
“Australia’s current approach to identity management results in
significant process duplication, as individuals apply to, and government
and businesses undertake to, verify and re-verify identities at multiple
points… Anti-money laundering (AML) projects have resulted in an
estimated $725 million in expenditure… In 2011, Australians lost an
estimated $1.4 billion through personal fraud incidents.”

12. The Current Model:
● Information duplicity: sensitive
information sent to multiple
parties
● Liability of storage each party
● Many ‘honeypots’ for hackers to
attack

13. The Proposed Model:
● Data held immutable by the
blockchain.
● Hardens trust over time.
● Canonical source of data.
● Identity remains the Ownership
of the individual.

14. What does this enable for
individuals?
Security
No walled
honeypots
Control
User permits
access to Id
Audit
Access is
logged

15. What does this enable for
service providers?
Realtime
Updates
Instead of ‘one
chance to ask’.
Less Liability
Separate
transaction
data from id
Veracity of
Data
Current and
latest

16. Data as a toxic asset

17. The Collaboration: Streams
Civil Adoption

18. Commercial opportunities:

19. Proof-of-Concept:

20. We look forward to
working with you
contact@bittradelabs.com
bittradelabs.com
@bittradelabs