Blockchain technology can be used for payments, remittances, financial instruments, and inter-organizational record keeping such as land registration, diplomas, and drivers' licenses. It works by hashing input data into a short, unique string and storing this in a distributed ledger across a network of computers. This allows for global transactions with fewer intermediaries compared to current financial systems, potentially reducing costs and inefficiencies. Blockchain is an emerging technology that may revolutionize industries in a similar way that previous industrial revolutions introduced mechanization, mass production, automation, and cyber-physical systems.

1. Blockchain Technology
Matthew Van Niekerk
matthew@settlemint.io

7. Hashing
Input data of an
arbitrary length
Lorem ipsum dolor sit amet
16aba5393ad72c0041
f5600ad3c2c52ec437a2
f0c7fc08fadfc3c0fe9641d7a3
one way
mathematical
formula
e.g. sha256
returns a short
and almost unique
string identifying
the data

9. (Global)
payments
(Global)
remi ance
Financial
instruments
Financial systems
Accounting Loyalty
programs
Diplomas Drivers
licenses
Mortgages
Interorganizational record keeping
Land
registrationDiplomas Drivers
licenses
Mortgages
Interorganizational record keeping
Land
registration
Trade
Finance
Provenance tracking

10. Current process
European Central Bank Occasional Paper Series: Distributed ledger technologies in securities post-trading, Revolution or evolution?

11. P
B
P
BB
B BB
B
B
B
B
B
B
B
Current process

12. P B PBBB BBB B B B B B B
13 B’s
Current process

13. Market wide DLT post trade
European Central Bank Occasional Paper Series: Distributed ledger technologies in securities post-trading, Revolution or evolution?

14. P PBBB B B B
6 B’s
Market wide DLT post trade

15. One step further – P2P
European Central Bank Occasional Paper Series: Distributed ledger technologies in securities post-trading, Revolution or evolution?

16. P PB
One step further – P2P

18. Trade
Finance
High value
items
Artwork
Provenance tracking
Identityng Loyalty
programs
Reputation
systems
Loyalty
programs
Reputation
systems
Loyalty
programs
Reputation
systems
ng Loyalty
programs
Reputation
systems

19. Diplomas Drivers
licenses
Mortgages
Interorganizational record keeping
Land
registration
Healthcare
records
(Global)
remi ance
Financial
instruments
systems
Accounting Loyalty
programs
Reputation
systems

20. Industry 1.0
Mechanical production
Water & Steam
Industry 2.0
Mass Production
Electricity & Division
of Labor
Industry 3.0
Automated Production
Robotics & IT
Industry 4.0
Cyber Physical Production
AI, IoT & Autonomous
Distributed Systems

21. Matthew Van Niekerk
@matt_vn
matthew@settlemint.io