Globant's webinar on Blockchain Technology by Juan LIanos & Joaquin Moreno highlighted why Blockchain is revolutionary, what are its application across industries, how can it revolutionize business practices, what are the regulations to abide and how Blockchain will transform the future of businesses.

2. Juan Llanos
Blockchain/Compliance/Fintech
Executive & Advisor | EVP at Skry
@JuanLlanos
Joaquin Moreno
Blockchain Practice Lead
at Globant
@joaquinmoreno
SPEAKERS #BlockchainGlobant
Presenting Today:

3. Context
The first blockchain
Why it is revolutionary
Regulation today & tomorrow
Applications
The blockchain race
Experiments & use cases
A glimpse into the future
#BlockchainGlobant

5. Digital Assets tend to be global, open, nodal and
evolutionary. They live on the Internet and vary
widely in scope and use.
96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16
browser
tokens
rewards
e-Gold
WOW
Ripple Protocol
Ven
Ripple XRP
Litecoin
Linden Dollars
Entropia Universe
QQ
Online
Exchanges
Altcoin Explosion
Regulated Exchanges
Beenz
Flooz
Colored Coin
Smart Contracts
Ethereum
Square Cash
Amazon Coin
Sovereign Coin
Real Estate
Equities
Derivatives
?
Source: Hub Culture
R3 Corda

6. Digital Assets tend to be global, open, nodal and
evolutionary. They live on the Internet and vary
widely in scope and use.
96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16
browser
tokens
rewards
Bitcoin
Protocol
Ven
Ripple XRP
Litecoin
Linden Dollars
Entropia Universe
QQ
Online
Exchanges
Altcoin Explosion
Regulated Exchanges
Beenz
Flooz
Colored Coin
Smart Contracts
Ethereum
Square Cash
Amazon Coin
Sovereign Coin
Real Estate
Equities
Derivatives
Bitcoin Open Source Protocol Solves
Double Spend Problem via Open Ledger
?
Source: Hub Culture
R3 Corda
e-Gold
WOW
Ripple Protocol

7. “A Peer-to-Peer Electronic Cash System”
Satoshi Nakamoto
“A peer-to-peer network that allows for the
proof and transfer of ownership without
the need of a trusted third party.”
Goldman Sachs
“An open platform for value exchange.”
Richard Brown (R3)

8. “A Peer-to-Peer Electronic Cash System”
Satoshi Nakamoto
“A peer-to-peer network that allows for the
proof and transfer of ownership without
the need of a trusted third party.”
Goldman Sachs
“An open platform for value exchange.”
Richard Brown (R3)

9. an accounting system
a database

10. PEER
PEER PEER
PEER
PEER
PEER
PEER
PEER PEER
PEER
PEER
PEER
PEER
PEER
PEER PEER
PEERPEER
PEER
PEER
PEER
PEER
PEER
PEER
PEER
PEER
PEER
PEER
PEER
PEER
PEER
PEER
PEER
PEER
PEER PEER
PEER
DOUBLE-SPEND: SOLVED
DISTRIBUTED CONSENSUS
TRANSPARENT LEDGER
TRANSFER & IDENTITY: SEPARATED
PROGRAMMABLE

11. freedom to own
freedom to transfer
freedom to innovate
censorship-resistance

12. What about regulation?

14. • Risky “product”(no value limits, global, etc.)
• No identity & location of either S or R
• Limited monitoring: blockchain data insufficient
(no transaction metadata + dark web)
• “Evil” smart contracts
• Regulations designed for intermediaries, not P2P
• Clash with privacy/confidentiality
AML Challenges

15. • Direct (“self-help”) detection & investigation
(vs. deputized)
• Global monitoring (vs. intra-company)
• Digital, global, real-time information sharing
(vs. analog & after-the-fact)
• Traceability + attribution+ immutability
• New layers - Algorithmic/programmatic enforcement
AML Opportunities

16. RETHINK
REDEFINE
REINVENT

17. PRIVATE vs OPEN
BLOCKCHAINS

18. Source: Coindesk

19. Blockchain(s)
& Applications

20. INVESTMENTS
$93 M $993 M
Funding Between
2009-2013
Funding Between
2014 and Feb 18th 2016
Source: CBInsight. https://www.youtube.com/watch?v=75YknrdY7Yg
Total Global Funding to Blockchain/Bitcoin Companies

21. ETHEREUM
Sidechains
BTC
OTHER BLOCKCHAINS
Corda

22. APPLICATIONS

23. Blockchain Race
Finance (Settlements, trading)
IoT (Identification & Communication between devices)
Energy (Efficiency)
Legal
Logistics (Tracking)
Asset Legitimacy (Art, Jewelry, etc.)
Credential Certification (Universities, Trainings)
Gaming

24. Clearing & Settlement
Smart Contracts
Inheritance
Employees
Logistics
Legal
Asset Legitimacy
Wines
Jewelry/Art
Land
Electronics
Generics
Internet of Things
APPLICATIONS IN DIFFERENT INDUSTRIES

25. Credential Certification
Energy Identity
Gaming
APPLICATIONS IN DIFFERENT INDUSTRIES

26. What are we doing?

27. Mobile Device Registration system
Problem
● Fake mobile devices and theft on the market.
Solution
● A system where private/public keys are generated for
each owner guaranteeing access to that person only.
● A trusted third party (Ebay, MercadoLibre, etc.) is
required in order to pay for the transaction fee and let
the buyer create the private key needed to access the
mobile phone.
● Works for Android phones.
Benefits
● Customers can buy an original mobile device from the
real owner.
● A stolen mobile device cannot be sold.
INTERNAL POC
Digital Assets Management
Problem
● Inefficient and expensive to maintain database.
Solution
● A system where a digital asset could be created and
allow customers to easily transfer assets between
each other.
● The organization (bank, etc.) acts as an escrow in the
transfer process.
● Users can only access via a web browser.
Benefits
● By using a blockchain technology the settlements are
faster, the transaction and maintenance costs
reduced.

28. PRODUCT
MANAGER
FRONT/BACK-END
DEVELOPER
USER
EXPERIENCE
ARCH
SOFTWARE
ARCHITECT
POC Implementation

29. PROBLEM TECHNOLOGY EXPECTATIONS DEVELOPMENT DELIVERY
CUSTOMER POC
This is the process we follow to think, design and execute a Blockchain Proof of Concept (POC) at Globant.
We want to make sure that
we clearly understand the
problem to be solved and
we evaluate if the the
blockchain technology is
needed.
If blockchain technology is
needed, then we analyze
which one is the best to
solve the problem.
We agree the objectives
and expectations in order
to have a clear view on
where we need to focus
on. The deliverables are
also set at this stage.
Execution is done in 3
months by using our
proprietary Agile Pods
methodology. Strong
interaction with our
customer team is required.
Speed, Quality,
Innovation, Autonomy
We deliver the product on
time and aligned with the
objective of the POC.
Documentation is
provided to help the team
scale.

30. Distributed &
Math-based Trust
Database &
Virtual Machine
Technology
SUMMARIZING
This is just the
beginning...

31. Source: Bloq

32. Thanks!
Joaquin Moreno
Blockchain Practice Lead
Globant
@joaquinmoreno
joaquin.moreno@globant.com
Juan Llanos
EVP of Business Development
Skry Technologies
@JuanLlanos
juan@skry.tech
ContrarianCompliance.com

33. Questions?

34. Bonus Slides

35. HOW BITCOIN &
ITS BLOCKCHAIN WORK
Less technical video [5 minutes]
https://youtu.be/l9jOJk30eQs
More technical video [22 minutes]
https://youtu.be/Lx9zgZCMqXE
“The Real Value of Blockchain Technology” [6 minutes]
https://youtu.be/YIVAluSL9SU

36. IMPLEMENTING BLOCKCHAIN
Source: http://www.coindesk.com/the-9-mistakes-i-made-when-bringing-blockchain-to-my-startup/
1. Failing to understand how blockchain actually works
2. Not selecting the blockchain software that aligns with the business purpose
3. Being impatient and trying to rush the timeline for blockchain adoption
4. Thinking every business function can be improved with blockchain
5. Believing the system is already protected from user mistakes
6. Not limiting access to private keys
7. Making the blockchain too 'heavy'
8. Not realizing there are limitations to blockchain as a database
9. Not seeing the potential flaws within blockchain

37. BLOCKCHAINS QUADRANTS
Source: https://docs.erisindustries.com/explainers/blockchains/
Logic Optimized
Transaction
Optimized
PermissionedUnpermissioned
ETHEREUM
+
Alt-Coins

38. Most Likely to be Implemented
internal processes
2016 2017 2018 2019 2020
Finance
Other
Industries
IoT
non-regulated Products
regulated products
payments from customers
contracts between devices (IoT)
device ID registration
POSSIBLE SCENARIOS