Blockchain across sectors - healthcare, finance, industry, media
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Craig Wentworth: Co-Founder and Research Director, Independent Thought Limited Presentation given at CILIP Blockchain Briefing 2020, 27 February 2020
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Blockchain across sectors - healthcare, finance, industry, media
- 1. Blockchain across sectors Craig Wentworth Co-Founder & Research Director Independent Thought Limited CILIP Blockchain Briefing 27 February 2020
- 2. What’s the use of blockchain? Craig Wentworth Co-Founder & Research Director Independent Thought Limited CILIP Blockchain Briefing 27 February 2020
- 3. • Introduction What’s blockchain good / not good for, and why? • Blockchain in action What are organisations using blockchain for, across different sectors? • So what, and what next? What are early adopters’ experiences, and how can we learn from them? © Independent Thought Limited 2020 www.IndependentThought.works 3 Agenda
- 4. Introduction
- 5. © Independent Thought Limited 2020 www.IndependentThought.works 5 ? Traditional business network Intermediary
- 6. © Independent Thought Limited 2020 www.IndependentThought.works 6 ? The distributed alternative
- 7. • Extending processes beyond organisational boundaries • Removing costly intermediaries • Multiple parties sharing an interest in control over data • Establishing a trusted provenance of tracked assets (or data) • Operating in a no-trust / low-trust environment © Independent Thought Limited 2020 www.IndependentThought.works 7 What’s blockchain good for?
- 8. © Independent Thought Limited 2020 www.IndependentThought.works • A problem well-suited to relational databases and more traditional software applications • Internal processes without trust issues • Where a trusted central authority looks after everything on everyone’s behalf (and everyone’s happy with that…) What’s blockchain not good for? 8
- 9. Trust & boundaries © Independent Thought Limited 2020 www.IndependentThought.works 9
- 10. • Internet of Things (IoT) • Artificial Intelligence (AI) • 5G • More ‘traditional’ technologies © Independent Thought Limited 2020 www.IndependentThought.works 10 Convergent tech: Blockchain + x
- 12. Digital identity Control over data Provenance AutomationPayments Main uses for blockchain © Independent Thought Limited 2020 www.IndependentThought.works 12
- 13. Finance © Independent Thought Limited 2020 www.IndependentThought.works 13 • Tokens and digital assets • Fractional ownership • Rewards ecosystems • Micropayments • Payment settlement • Regulatory compliance • Insurance
- 14. Manufacturing & logistics © Independent Thought Limited 2020 www.IndependentThought.works 14 • Admin paperwork (management of goods & shipping) • Track & trace (food safety, conflict minerals) • Digital twins • Rights management
- 15. Healthcare & life sciences © Independent Thought Limited 2020 www.IndependentThought.works 15 • Healthcare records (care, insurance & clinical trials) • Track & trace (counterfeit drugs)
- 16. Government • Identity – access to services • Registration of ownership (land, property) • Voting © Independent Thought Limited 2020 www.IndependentThought.works 16
- 17. Telecommunications © Independent Thought Limited 2020 www.IndependentThought.works 17 • Roaming charges • Trusted identities for network services
- 18. Transport & travel © Independent Thought Limited 2020 www.IndependentThought.works 18 • Integrated transport networks • Smart cities • Personalisation • Vehicle lifecycle management
- 19. Energy & utilities • Energy trading – renewables • Electric vehicle re-charge © Independent Thought Limited 2020 www.IndependentThought.works 19
- 20. Education © Independent Thought Limited 2020 www.IndependentThought.works 20 • Accreditation of prior learning • Qualifications & credentials
- 21. Entertainment & media © Independent Thought Limited 2020 www.IndependentThought.works 21 • Rights management • In-game purchases • Ticketing • Fake news & ‘deep fake’ videos
- 22. So what, and what next?
- 23. What issues are early adopters facing? © Independent Thought Limited 2020 www.IndependentThought.works 23 Governance, Regulation, Legal • Access to data • Smart contract policy • Regulatory clarity • Legal jurisdictions Business process / cultural • Blockchain affinity • Shared processes • Winners & losers • Skills shortage Technology • Immature • Scalability, privacy challenges • Standards, integration
- 24. What can we learn from early adopters? • Adding trust • Removing intermediaries • Automating business processes • Tracking assets • More than just Financial Services use cases © Independent Thought Limited 2020 www.IndependentThought.works 24
- 25. Next steps… © Independent Thought Limited 2020 www.IndependentThought.works 25 • Understand your problem / opportunity ‘Blockchain thinking’ as a catalyst for non-blockchain change • Understand blockchain • Select vendors / partners • Develop a ‘Proof-of-Business’ viability alongside (technical) Proof-of-Concept • Build or buy. Test. Learn. Repeat…
- 26. Thank you… any questions? Craig Wentworth craig@IndependentThought.works @craigwentworth