Nick Meyne Enterprise Architect - Capgemini
At Global Architecture Week 2015, we covered ‘Digital Currencies and Cash’ and their relevance to Tax and Welfare Authorities, concluding with the message: “It’s not about Bitcoin, it’s about the Blockchain”. Blockchain technology has the potential to enable a new mutually trusted, transparent way of sharing and transacting. In the UK Public Sector, Sir Mark Walport’s report Distributed Ledger Technology: beyond blockchain encouraged Government to assess its early use and potential. Meanwhile in the private sector, Blockchain FinTech excitement among start-ups and venture capitalists remained strong for a technology promised to be “like a whole new internet for value exchange”. But where are the real world use cases today? What is it that makes a use case more likely to succeed? In this talk, we will share and discuss a number of Capgemini examples.
Blockchain Digital Transformation Presentation101 Blockchains
Blockchain is transforming the world around us. And, there is no doubt that it is going to change how we interact with each other. In this powerpoint presentation, we will be looking at blockchain digital transformation. The blockchain powerpoint presentation is aimed at both new and experienced learners. If you are looking for the ultimate digital transformation blockchain ppt, you have come to the right place.
The blockchain ppt covers all the necessary things that a beginner should know about digital transformation, but also ensure that it covers more exciting topics related to the topic. For example, the second blockchain powerpoint slide covers the subject, “Public vs. Private.” This is essential to understanding the fundamental need for a decentralized network, i.e., blockchain. We also include the key features that power the digital world through blockchain.
Blockchain is, as The Economist (2015) calls it, "a trust machine".
To let the readers understand the need for blockchain and its improvement over the year, we have also covered the history of blockchain transformation. The history of blockchain is vibrant including the release of permissioned frameworks such as HyperLedger and R3. Other distributed ledger technology also flourished from 2009 to 2019. We have covered most of the important ones in the blockchain ppt.
Different use cases along with their implementation challenges have also been covered to give you a glimpse of how the current blockchain technology is shaping and impacting other industries out there.
Another important thing that we covered includes how non-financial enterprises are adopting blockchain. There are companies such as Ford and Toyota that are working round the clock to implement blockchain in their smart mobility solutions. Even insurance giants like Prudential and Metlife are automating a lot of the insurance processes using blockchain. To power these financial and non-financial institutions, federated networks are been used. They are permissioned frameworks that empower business and ensure that they get all the tools to make a blockchain network according to their needs and requirements.
The enterprise blockchain ecosystem is also strong, thanks to the players such as Ethereum, Hyperledger, and Corda. Hundreds of enterprises are utilizing Hyperledger. Two key examples include the T-Mobile and London Stock Exchange Group.
Apart from the big enterprises, the healthcare industry also seems to be interested in the blockchain. They are using it to save lives and improve the state of the healthcare industry.
=>You can read further details in our Blockchain for Enterprise guide.
https://101blockchains.com/blockchain-for-enterprise/
=>Work with 101 Blockchains
101 Blockchains Professional Services
https://101blockchains.com/services/
Partner With 101 Blockchains
https://101blockchains.com/blockchain-partnerships/
Blockchain Overview, What is Blockchain, Why Blockchain, How Blockchain will change the world, concepts of Blockchain are explained like Consensus, Distributed Ledger, Blockchain use cases and more
Business operations have enormous potential to benefit from blockchain. Blockchain will enable an overhaul of the capabilities and processes that support how companies interact with and act on shared data. Read more from Melanie Cutlan, Innovation Senior Principal at Accenture.
Presentation on blockchains for Webbdagarna in Gothenburg, Sweden and for BISS (Brightlands Smart Services Campus) in Heerlen, the Netherlands in September 2016
Blockchain Digital Transformation Presentation101 Blockchains
Blockchain is transforming the world around us. And, there is no doubt that it is going to change how we interact with each other. In this powerpoint presentation, we will be looking at blockchain digital transformation. The blockchain powerpoint presentation is aimed at both new and experienced learners. If you are looking for the ultimate digital transformation blockchain ppt, you have come to the right place.
The blockchain ppt covers all the necessary things that a beginner should know about digital transformation, but also ensure that it covers more exciting topics related to the topic. For example, the second blockchain powerpoint slide covers the subject, “Public vs. Private.” This is essential to understanding the fundamental need for a decentralized network, i.e., blockchain. We also include the key features that power the digital world through blockchain.
Blockchain is, as The Economist (2015) calls it, "a trust machine".
To let the readers understand the need for blockchain and its improvement over the year, we have also covered the history of blockchain transformation. The history of blockchain is vibrant including the release of permissioned frameworks such as HyperLedger and R3. Other distributed ledger technology also flourished from 2009 to 2019. We have covered most of the important ones in the blockchain ppt.
Different use cases along with their implementation challenges have also been covered to give you a glimpse of how the current blockchain technology is shaping and impacting other industries out there.
Another important thing that we covered includes how non-financial enterprises are adopting blockchain. There are companies such as Ford and Toyota that are working round the clock to implement blockchain in their smart mobility solutions. Even insurance giants like Prudential and Metlife are automating a lot of the insurance processes using blockchain. To power these financial and non-financial institutions, federated networks are been used. They are permissioned frameworks that empower business and ensure that they get all the tools to make a blockchain network according to their needs and requirements.
The enterprise blockchain ecosystem is also strong, thanks to the players such as Ethereum, Hyperledger, and Corda. Hundreds of enterprises are utilizing Hyperledger. Two key examples include the T-Mobile and London Stock Exchange Group.
Apart from the big enterprises, the healthcare industry also seems to be interested in the blockchain. They are using it to save lives and improve the state of the healthcare industry.
=>You can read further details in our Blockchain for Enterprise guide.
https://101blockchains.com/blockchain-for-enterprise/
=>Work with 101 Blockchains
101 Blockchains Professional Services
https://101blockchains.com/services/
Partner With 101 Blockchains
https://101blockchains.com/blockchain-partnerships/
Blockchain Overview, What is Blockchain, Why Blockchain, How Blockchain will change the world, concepts of Blockchain are explained like Consensus, Distributed Ledger, Blockchain use cases and more
Business operations have enormous potential to benefit from blockchain. Blockchain will enable an overhaul of the capabilities and processes that support how companies interact with and act on shared data. Read more from Melanie Cutlan, Innovation Senior Principal at Accenture.
Presentation on blockchains for Webbdagarna in Gothenburg, Sweden and for BISS (Brightlands Smart Services Campus) in Heerlen, the Netherlands in September 2016
***** Blockchain Training : https://www.edureka.co/blockchain-training *****
This Edureka video on "Blockchain Explained" is to guide you through the fundamentals of the new revolutionary technology called Blockchain and its defining concepts. Below are the topics covered in this tutorial:
1. History of blockchain
2. What is Blockchain
3. Traditional Transaction vs Blockchain
4. How Blockchain Works
5. Benefits of Blockchain
6. Blockchain Transaction Demo
Here is the link to the Blockchain blog series: https://goo.gl/DPoAHR
You can also refer this playlist on Blockchain: https://goo.gl/V5iayd
This course covers in detail the technical principles & concepts behind blockchain. In addition, it seeks to provide you with the insights and deep understanding of the various components of blockchain technology, and enables you to determine for yourself how to best leverage and exploit blockchain for your project, organisation or start-up.
Link - https://www.experfy.com/training/courses/blockchain-technology-fundamentals
This Edureka Blockchain technology tutorial will give you an understanding of how blockchain works and what are blockchain technologies. This tutorial helps you to learn following topics:
1. What are Blockchain & Bitcoin
2. Blockchain Technologies
3. Peer to Peer Network
4. Cryptography
5. Proof of Work & Blockchain Program
6. Ethereum & Smart Contracts
7. Blockchain Applications and Use Cases
Blockchain and Smart Contracts (Series: Blockchain Basics)Financial Poise
Blockchain is a tool. Samson Williams likens blockchain to a group text message, in which each participant receives a distributed, time-stamped, tamper-resistant (and encrypted) record of data transactions. Each group text has these characteristics. Everyone in the group “sees” the data, and none can change or gainsay any group message. Smart contracts are computer code put on the blockchain (how, exactly?) that establishes self-executing terms and conditions of a transaction. Are smart contracts smart? If certain data comes in and fulfills a pre-set term or condition, then rights and responsibilities are formed, terminated, modified, or shifted among the parties. Ah certainty and transparency, but also ah garbage in and garbage out. Are some contractual terms not amenable to smart contracting? And are smart contracts necessarily contracts? If not, can they still be useful? If a smart contract is a contract, what is the governing document? Is it the words business people and lawyers use, or is it the code that is supposed to reflect the words?
To view the accompanying webinar, go to: https://www.financialpoise.com/financial-poise-webinars/blockchain-and-smart-contracts-2021/
Blockchain - Use Cases. Typical existing Blockchain Domain projects by Industries Presentation by Andrew Darley, Industry Sales Leader Europe IBM Cloud. Held at Watson Sweden Summit 2017.
Everything Blockchain is a development, engineering, and services company specializing in Blockchain technologies and decentralized processing. The Company works with clients to develop custom Blockchain payment solutions settled in fiat and cryptocurrencies. Everything Blockchain also designs proprietary security measures and protocols for Blockchain technologies with overlay and licensing revenue opportunities. Utilizing tools within the Blockchain ecosystem to enhance overall performance, the Company continually evaluates new growth opportunities in mining, acquiring, and utilizing cryptocurrencies. Involved in the early-stage launch of HEX, the internet’s first cryptographic certificate of deposit, the Company has earned $5 million of tokens to date and expects to be awarded another $5 million of tokens in the coming months. Staking operations, which can earn interest of 5%-40%, provide Everything Blockchain with additional opportunities for growth and predictable revenue streams. With a highly accomplished management and board, expert team, and access to industry leaders and disruptors, Everything Blockchain is at the forefront of innovative and lead generating technologies.
Implementing Blockchain applications in healthcarePistoia Alliance
Blockchain technology can revolutionise the way information is exchanged between parties by bringing an unprecedented level of security and trust to these transactions. The technology is finding its way into multiple use cases but we are yet to see full adoption and real-world business implementation in the Healthcare industry.
In this webinar we will explore the main challenges and considerations for the implementation of Blockchain technology in Healthcare use cases. This is the third webinar in our Blockchain Education series.
A presentation explaining the concepts of Blockchain. It covers the introduction to blockchain, types of blockchain, process of adding blocks in bitcoin blockchain, hyperledger block structure, use cases of blockchain explained.
Overview of blockchain technology and architectureEY
The adoption of blockchain technology continues to accelerate across a wide array of industries, yet many of our clients are confused about how to deploy these solutions within their environment. EY has developed a blockchain stack that fits within the existing enterprise infrastructure, project and system development life cycle approaches that are customized to the new technology, and development frameworks to streamline our deployment.
Blockchain 101 + Use Cases + Why Blockchain As a ServiceKaleido
Kaleido - The Enterprise Blockchain Easy Button Kaleido, a ConsenSys Enterprise Business, based in Raleigh, NC, is dedicated to the growth and adoption of enterprise blockchain in ways that will transform how economic, social and political systems are built and supported in the future. Equipped with the experience of working with hundreds of companies and seeing where the difficulties lie, Kaleido was built to accelerate the implementation of blockchain by taking the technology hurdles off the table so companies can focus their energy and resources on driving higher business value of their use case and faster ROI Most CIOs today face a multitude of problems in the journey from blockchain exploration to real production business networks.
Blockchain 3.0, the Encryption of Innovation. This talk looks beyond the immediate economic benefits and risks of distributed ledgers and considers the broader societal innovations implied by blockchain technology. The possibility of innovation and creating and participating in different and multiple self-determined political and economic systems could mobilize how we create ourselves as individuals and societies. Blockchain technology invites the possibility of creating a social world that gives greater weight to the values we apparently care about: freedom, trust, and dignity
***** Blockchain Training : https://www.edureka.co/blockchain-training *****
This Edureka video on "Blockchain Explained" is to guide you through the fundamentals of the new revolutionary technology called Blockchain and its defining concepts. Below are the topics covered in this tutorial:
1. History of blockchain
2. What is Blockchain
3. Traditional Transaction vs Blockchain
4. How Blockchain Works
5. Benefits of Blockchain
6. Blockchain Transaction Demo
Here is the link to the Blockchain blog series: https://goo.gl/DPoAHR
You can also refer this playlist on Blockchain: https://goo.gl/V5iayd
This course covers in detail the technical principles & concepts behind blockchain. In addition, it seeks to provide you with the insights and deep understanding of the various components of blockchain technology, and enables you to determine for yourself how to best leverage and exploit blockchain for your project, organisation or start-up.
Link - https://www.experfy.com/training/courses/blockchain-technology-fundamentals
This Edureka Blockchain technology tutorial will give you an understanding of how blockchain works and what are blockchain technologies. This tutorial helps you to learn following topics:
1. What are Blockchain & Bitcoin
2. Blockchain Technologies
3. Peer to Peer Network
4. Cryptography
5. Proof of Work & Blockchain Program
6. Ethereum & Smart Contracts
7. Blockchain Applications and Use Cases
Blockchain and Smart Contracts (Series: Blockchain Basics)Financial Poise
Blockchain is a tool. Samson Williams likens blockchain to a group text message, in which each participant receives a distributed, time-stamped, tamper-resistant (and encrypted) record of data transactions. Each group text has these characteristics. Everyone in the group “sees” the data, and none can change or gainsay any group message. Smart contracts are computer code put on the blockchain (how, exactly?) that establishes self-executing terms and conditions of a transaction. Are smart contracts smart? If certain data comes in and fulfills a pre-set term or condition, then rights and responsibilities are formed, terminated, modified, or shifted among the parties. Ah certainty and transparency, but also ah garbage in and garbage out. Are some contractual terms not amenable to smart contracting? And are smart contracts necessarily contracts? If not, can they still be useful? If a smart contract is a contract, what is the governing document? Is it the words business people and lawyers use, or is it the code that is supposed to reflect the words?
To view the accompanying webinar, go to: https://www.financialpoise.com/financial-poise-webinars/blockchain-and-smart-contracts-2021/
Blockchain - Use Cases. Typical existing Blockchain Domain projects by Industries Presentation by Andrew Darley, Industry Sales Leader Europe IBM Cloud. Held at Watson Sweden Summit 2017.
Everything Blockchain is a development, engineering, and services company specializing in Blockchain technologies and decentralized processing. The Company works with clients to develop custom Blockchain payment solutions settled in fiat and cryptocurrencies. Everything Blockchain also designs proprietary security measures and protocols for Blockchain technologies with overlay and licensing revenue opportunities. Utilizing tools within the Blockchain ecosystem to enhance overall performance, the Company continually evaluates new growth opportunities in mining, acquiring, and utilizing cryptocurrencies. Involved in the early-stage launch of HEX, the internet’s first cryptographic certificate of deposit, the Company has earned $5 million of tokens to date and expects to be awarded another $5 million of tokens in the coming months. Staking operations, which can earn interest of 5%-40%, provide Everything Blockchain with additional opportunities for growth and predictable revenue streams. With a highly accomplished management and board, expert team, and access to industry leaders and disruptors, Everything Blockchain is at the forefront of innovative and lead generating technologies.
Implementing Blockchain applications in healthcarePistoia Alliance
Blockchain technology can revolutionise the way information is exchanged between parties by bringing an unprecedented level of security and trust to these transactions. The technology is finding its way into multiple use cases but we are yet to see full adoption and real-world business implementation in the Healthcare industry.
In this webinar we will explore the main challenges and considerations for the implementation of Blockchain technology in Healthcare use cases. This is the third webinar in our Blockchain Education series.
A presentation explaining the concepts of Blockchain. It covers the introduction to blockchain, types of blockchain, process of adding blocks in bitcoin blockchain, hyperledger block structure, use cases of blockchain explained.
Overview of blockchain technology and architectureEY
The adoption of blockchain technology continues to accelerate across a wide array of industries, yet many of our clients are confused about how to deploy these solutions within their environment. EY has developed a blockchain stack that fits within the existing enterprise infrastructure, project and system development life cycle approaches that are customized to the new technology, and development frameworks to streamline our deployment.
Blockchain 101 + Use Cases + Why Blockchain As a ServiceKaleido
Kaleido - The Enterprise Blockchain Easy Button Kaleido, a ConsenSys Enterprise Business, based in Raleigh, NC, is dedicated to the growth and adoption of enterprise blockchain in ways that will transform how economic, social and political systems are built and supported in the future. Equipped with the experience of working with hundreds of companies and seeing where the difficulties lie, Kaleido was built to accelerate the implementation of blockchain by taking the technology hurdles off the table so companies can focus their energy and resources on driving higher business value of their use case and faster ROI Most CIOs today face a multitude of problems in the journey from blockchain exploration to real production business networks.
Blockchain 3.0, the Encryption of Innovation. This talk looks beyond the immediate economic benefits and risks of distributed ledgers and considers the broader societal innovations implied by blockchain technology. The possibility of innovation and creating and participating in different and multiple self-determined political and economic systems could mobilize how we create ourselves as individuals and societies. Blockchain technology invites the possibility of creating a social world that gives greater weight to the values we apparently care about: freedom, trust, and dignity
apidays LIVE London 2021 - Open Insurance & Smart Contracts by Giovanni Lesna...apidays
apidays LIVE London 2021 - Reaching Maximum Potential in Banking & Insurance with API Mindset
October 27 & 28, 2021
APIs in Finance: The Next Evolution
Open Insurance & Smart Contracts
Giovanni Lesna, Head of Enterprise at API3
FinTech is just short for financial technology and it refers to the application of technology in the financial industry. On the other hand, blockchain refers to the distributed ledger technology behind cryptocurrencies; it allows digital information to be distributed and each piece of data can only have one owner.
Blockchain applications in payments and fintechPenser
An overview of blockchain applications in the payments and fintech industry, with recent examples. For full article, see - https://www.penser.co.uk/blockchain-applications-payments-fintech/
Huincoin white paper:here are everything you want to know about huincoinNpack Machinery
Huincoin white paper:here are everything you want to know about huincoin
Huincoin
Huincoin is a global leader in the blockchain revolution.
We operate the premier U.S.-based blockchain trading platform, which is designed for customers who demand lightning-fast trade execution, dependable digital wallets, and industry-leading security practices.
Blockchain Incubators
We believe in the potential of blockchain and its ability to provide groundbreaking solutions.
To promote innovation in the industry, we are working with teams around the world to advance new, inventive tokens that could potentially transform the way goods, services and operations are managed globally.
ABOUT HUINCOIN
Founded in 2017 by three cybersecurity engineers, Huincoin is the premier U.S.-based blockchain platform, providing lightning-fast trade execution, dependable digital wallets and industry-leading security practices. Our mission is to help advance the blockchain industry by fostering innovation, incubating new and emerging technology, and driving transformative change.
In recent months, many customers have been asking us the question – how to monetise Open APIs, simplify Fintech integrations and accelerate adoption of various Open Banking business models. Therefore, AWS and FinConecta would like to invite you to Open Finance marketplace presentation on October 20th.
Event Agenda :
Open banking so far (short recap)
• PSD2, OB UK, OB Australia, OB LATAM, OB Israel
Intro to Open Finance marketplace
• Scope
• Features
• Tech overview and Demo
The role of the Cloud
The Future of APIs
• Complying with regulation
• Monetizing data / APIs
• Business models
• Time to market
One platform for all: a Strategic approach
Q&A
Digital Finance ecosystem is emerging. It is changing all finance services. Resource sharing, partner networks and APIs have very important role in the ecosystem. Grow VC Group companies offer solutions and services to enable digital finance.
Grow VC Group digital finance insight and visionGrow VC Group
Digital Finance ecosystem is emerging. It is changing all finance services. Resource sharing, partner networks and APIs have very important role in the ecosystem. Grow VC Group companies offer solutions and services to enable digital finance.
PIN whitepaper | PINCoin - PIN Community - Sharing is Caring - Sharing Economykiemtientainha
PIN whitepaper | PINCoin - PIN Community - Sharing is Caring - Sharing Economy
https://www.facebook.com/PINCommunity
Now please be ready to become one of the first Leader to own the Pincoin. Hurry up!
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20-21 February 2018, Mexico City: Workshop on building business linkages that boost SME productivity. http://www.oecd.org/cfe/smes/workshop-on-building-business-linkages-that-boost-SME-productivity.htm
COVID-19 heightened chronic challenges within the global healthcare industry. It became a catalyst amid fierce competition and tight regulations for health providers and payers to focus on digital health, cybersecurity, patient data transparency, and a variety of customer-centric and operational enhancements. As a result, we found the 2022 trendline pointing to improvements in access and quality of care.
Healthcare challenges such as optimizing the cost of care while simultaneously enabling personalized interventions and consumer-friendly shoppable services are long-standing − but, historically, the industry has been slow to react.
Read our Top Trends 2022 report to examine the lingering ramifications of the pandemic, responses from medical and insurance organizations, and the worldwide impact of ever-changing regulatory standards and mandates.
A combination of factors − the pandemic, catastrophic weather events, evolving policyholder expectations, and insurers’ drive for operational efficiency and future relevance − are sparking P&C industry changes.
In a post-COVID, new-normal environment, the most strategic insurers are building resilient, crisis-proof enterprises poised to take advantage of emerging and future business opportunities. They are leveraging advanced data analytics and novel technologies to assure agility and achieve positive revenue and customer satisfaction outcomes. Competitive advantage will hinge on accelerated digitalization and faster go-to-market. Therefore, win-win partnerships and embedded services with InsurTechs and other ecosystem players are critical.
Read Capgemini’s Top P&C Insurance Trends 2022 for a glimpse at the tactical and strategic initiatives carriers are undertaking to boost customer-centricity, product agility, intelligent processes, and an open ecosystem to ensure profitable growth and future-readiness.
This analysis provides an overview of the top trends in the commercial banking sector as they shift to technology high gear to boost client efficiency and battle a volatile, uncertain, competitive, and evolving landscape.
First, it was retail banking. Now, advanced technology is shifting to – and disrupting − the commercial banking space. Many commercial banks, known for paperwork, red tape, and branch dependency, were unprepared to support clients during their post-COVID-19 ramp-up. But now, the digital pivot to new mindsets, partnerships, and processes is in overdrive.
As commercial banks grapple with competition from FinTechs, BigTechs, and alternative lenders, their inability
to fulfill SME demands and pandemic after-shocks necessitates transformative process changes and a move
to experiential, sustainable, and inclusive banking models. We expect banks to strive to meet the demands
of corporate clients and SMEs by digitally transforming critical workflows and improving client experience.
Additionally, incremental process improvements in the middle and back-office that leverage intelligent
automation will keep the competition at bay because engaged clients are loyal.
Adopting newer methods to mine data and moving to as-a-Service models will prepare commercial banks
to flexibly respond to newcomers and find ways to co-exist through effective collaboration. The time has come for commercial banks to put transformation on the fast track as lending losses in wallet and market share could spill over to other functions!
How incumbents react and respond to 2022 trends could determine their relevancy and resiliency in the years ahead.
The Covid-19 pandemic necessitated the payments industry undergo a facelift, sparked by novel approaches from new-age players, fostered by industry consolidation, and customers’ demand for end-to-end experience. Crossing the threshold, the industry is entering a new era – Payments 4.X, where payments are embedded and invisible, and an enabling function to provide frictionless customer experience. As customers make a permanent shift to next-gen payment methods, Digital IDs are critical for a seamless payment experience. The B2B payments segment is witnessing rapid digitization. BigTechs, PayTechs, and industry newcomers are ready to jump in with newfangled solutions to help underserved small to medium-sized businesses (SMBs).
As incumbents struggle with profits, new-age firms are forging ahead to take the lead in the Payments 4.X era by riding the success of non-card products and services. The new era demands collaboration, platformification, and firms can unleash full market potential only by embracing API-based business models and open ecosystems. Data prowess and enhanced payment processing capabilities are inevitable to thrive ahead. The clock is ticking for banks and traditional payments firms because the competitive advantage is not guaranteed forever. As industry players seek economies of scale, consolidations loom, and non-banks explore new territories to threaten incumbents’ market share. While all these 2022 trends are at play, central bank digital currency (CBDC) is emerging globally and might open a new chapter in the current payments landscape.
As we slowly move out of the pandemic, financial services firms have learned the criticality of virtual engagement to business resilience. Wealth management firms will need capabilities to cater to new-age clients and deliver new-age services. This report aims to understand and analyze the top trends in the Wealth Management industry this year and beyond.
A year ago, our Top Trends in Wealth Management report emphasized how the pandemic sparked disruption and digital transformation and changing investor attitudes around Environmental, Social, and Corporate Governance (ESG) products. As we begin 2022, many of those trends continue to hold as COVID-19’s wide-reaching effects continue to influence the wealth management industry.
As wealth management (WM) firms supercharge their digital transformation journeys, investments in cybersecurity and human-centered design are becoming critical to building superior digital client experience (CX). Another holdover trend − sustainable investing – is gaining mainstream attention and generating increasingly sophisticated client demands. Data and analytics capabilities will become ever more essential for ESG scoring and personalized customer engagement. As large financial services firms refocus on their wealth management business while new digital players make industry strides, competition is becoming historically intense. Not surprisingly, client experience is the new battleground.
This analysis provides an overview of the top trends in the retail banking sector driven by the competition, digital transformation, and innovation led by retail banks exploring novel ways to create and retain value in evolving landscape.
COVID-19 caught banks off guard and shook legacy mindsets to the core. With 20/20 (2020) hindsight, firms are more aware, digitally resilient, and financially stable as they head into 2022. The trials of the past 18 months forced firms to shore up existing business and consider new models and revenue streams.
Customer-centricity remains at the top of most FS agendas and is a 2022 focal point. Banks will focus on achieving operational excellence as diligently as delivering superior CX. In 2022 and beyond, it will be paramount for FIs to explore and invest in new technologies to remain relevant and resilient.
Banking 4.X will arrive in full force in 2022 with platform-supported firms monetizing diverse ecosystem capabilities and aggressively harvesting data to create experiential customer journeys through intelligent and personalized engagements. The new era will compel future-focused banks to finally abandon legacy infrastructure and collaborate with third-party specialists to solidify their best-fit, long-term roles. Increasingly, open platforms will make banks invisible as banking becomes embedded into customer lifestyles. At the same time, banks will shed asset-heavy models and shift to the cloud for greater agility, speed to market, and faster innovation. The shift will act as a precursor to adopting new technologies on the horizon – 5G and Decentralized Finance.
The recent past was filled will extraordinary lessons for financial institutions. Now is the time to act on those learnings and move forward profitably.
While COVID-19 has sparked the demand for life insurance, it has also exposed the operating model vulnerabilities in distribution, servicing, and customer retention. In a post-COVID, new-normal environment, insurers need to enhance their capabilities around advanced data management and focus on seamless and secure data sharing to provide superior CX and hyper-personalized offerings. Accelerated digitalization and faster go-to-market are vital to remaining competitive, and win-win partnerships with ecosystems are critical in the journey.
Read our Top Life Insurance Trends 2022 to explore the tactical and strategic initiatives carriers undertake to acquire competencies around customer centricity, product agility, intelligent processes, and an open ecosystem to ensure profitable growth and future readiness.
Property & Casualty Insurance Top Trends 2021Capgemini
The Property & Casualty insurance landscape is evolving quickly with the changing risk landscape, entry of new players, and changing customer expectations. The ripple effects of COVID-19 on the P&C insurance industry and natural disasters such as forest fires have adversely impacted insurance firm books.
In this scenario, to ensure growth and future-readiness, the most strategic insurers strive to be ‘Inventive Insurers’ – assuming a customer-centric approach, deploying intelligent processes, practicing business resilience and go-to-market agility, and embracing an open ecosystem.
Read our Property & Casualty Insurance Top Trends 2021 report to explore the strategies insurers are adapting to remain competitive amidst the evolving business landscape and how they can explore new ways to enhance their profitability.
A combination of factors such as demographic changes, evolving consumer preferences, and desire to become operationally efficient were already spurring changes in the life insurance industry. Enter 2020 – the COVID-19 pandemic is having a significant impact on the industry.
At the peak of disruption, the focus was on ensuring business continuity, but new initiatives are cropping up to tackle the challenges as the industry is adapting to the new normal.
Furthermore, COVID-19 has acted as a catalyst, pushing life insurers to prioritize their efforts on improving customer centricity, developing go-to-market agility, making processes intelligent, building business resilience, and embracing the open ecosystem.
Read our Life Insurance Top Trends 2021 report to explore the strategies insurers are adopting to manage the changing market dynamics.
The uncertainty of 2020 is setting the global tone for the immediate future in the financial services industry. So it is no surprise banks are laser-focused on business resilience, emphasizing both financial and operational risks. The need to adapt quickly to new normal conditions through virtual customer engagement is clear.
Customer centricity continues to drive commercial banks’ solution designs. And, the pandemic compelled products that deliver immediate client value ‒ quick digital onboarding, seamless lending, and support for small and medium-sized enterprises (SMEs). The onus is now on banks to go to market more quickly, which requires the implementation of intelligent processes and integrating corporates’ enterprise resource planning (ERP) systems with banking workflows.
To achieve go-to-market agility, banks across the globe are investing in and collaborating with FinTechs. Many of these partnerships are focused on boosting digital lending and providing seamless support to anxious small-business clients in need of assurance.
With newfound impetus for FinTech collaboration, commercial banks have picked up their step on the path toward OpenX. COVID-19 made it evident that survival during turbulence is manageable through collaboration with ecosystem players.
Read our Top Trends in Commercial Banking 2021 report to explore the strategies banks are adapting to transform their businesses from a product-led, siloed model to an experiential and agile plan.
When we published the Top Trends in Wealth Management 2020, little did we foresee the pandemic that would sweep through the world and disrupt life as we knew it. Yet, when we reviewed last year’s trends, we found that many still hold and some have taken on even greater relevance. One such trend is sustainable investing, which had begun to gain prominence as investors became more aware of ESG considerations, and firms rolled out more sustainable investing offerings. Another trend that has accelerated in the post-COVID world is the importance of investing in omnichannel capabilities and technologies such as artificial intelligence (AI) to enhance personalization and advisor effectiveness. The pandemic has driven wealth management firms to accelerate their digital transformation journey, with some immediate focus areas being interactive client communications and digital advisor tools.
There is no denying that time is of the essence. Yes, budgets are tight, but the Open X ecosystem offers wealth management firms opportunities to reimagine their operating models and deliver excellent customer experience cost-effectively.
Top trends in Payments: 2020 highlighted the payments industry’s flux driven by new trends in technology adoption, innovative solutions, and changing consumer behavior. The pandemic has tested the digital mastery of players, who are already grappling with transition. Non-cash transactions are on a robust growth path, accelerated by increased adoption during COVID-19. Regulators are working to instill trust and address non-cash payments risk amid unparalleled growth as players collaborate to quell uncertainty. Regional initiatives, such as the P27 (Nordics real-time payments system) and the EPI (European Payments Initiative), are gaining traction in response to country-level fragmentation and competition.
Investment in emerging technologies is looked upon as an elixir to mitigate fraud, data-driven offerings are being considered for providing value-added propositions, and distributed ledger technology is in focus for digital currency solutions, efficiency enhancement, and cost gains. New players, such as retailers/merchants, are integrating payments into their value chains while technology giants are upscaling their financial services game by weaving offerings around payments as a center stage. Constrained by budgets, firms consider business models such as Platform-as-a-Service (PaaS) to provide cost-effective and superior customer experience.
A combination of factors, including demographic changes, evolving consumer preferences, and regulatory and compliance mandates, were already spurring change in the health insurance industry. Enter 2020 and the COVID-19 pandemic, which is having sweeping implications for the industry.
At the peak of disruption, the focus was on ensuring business continuity, but new initiatives are cropping up to tackle the challenges as the industry adapts to the new normal.
Furthermore, some changes are here to stay, and it will be prudent for the industry players to be resilient to the market shifts by being agile, improving member centricity, making processes intelligent, and embracing the open ecosystem.
Read our Health Insurance Top Trends 2021 report to explore the strategies insurers are adopting to manage the external pressures.
The banking industry’s resilience is being tested as banks navigate through a remarkable 2020 filled with uncertainties. The impact of COVID-19 has been about setting the tone for future operational models. Retail banks have shifted focus towards integrated risk management with a more holistic view of operational risks. Adapting to the new normal, banks have prioritized cost transformation while engaging customers virtually. Incumbents sought to be more responsible within fast-changing environmental conditions and ESG remained a critical focus.
To provide more experiential services, banks are leveraging techniques such as segment-of-one to hyper-personalize offerings while aiming to humanize digital channels for increased engagement. Banks are also revamping middle and back offices, going beyond the front end leveraging intelligent processes. Open X is enabling banks to play on their strengths and use the expertise of ecosystem players. Going forward, banks are poised to become an enhanced one-stop shop by providing consumers value-adding FS and non-FS experiences.
To acquire customers in cost-effective manner, retail banks are tapping value-based propositions ‒ such as POS financing and mortgage refinancing. Further, Banking-as-Service provides incumbents a way to provide their high-value offerings to other players. In preparation for the future, banks will be looking to improve their go-to-market agility by leveraging the benefits of cloud. This analysis outlines the top 10 trends in retail banking for 2021.
Explore how Capgemini’s Connected autonomous planning fine-tunes Consumer Products Company’s operations for manufacturing, transport, procurement, and virtually every other aspect of the supply-value network in a touchless, autonomous way.
Financial services is undergoing a paradigm shift that is forcing incumbent retail banks to rethink growth strategies as they struggle to remain relevant. Growing competition from BigTechs, FinTech firms, and challenger banks has added to the complexity created by increasingly stringent regulatory and compliance requirements. Customers now expect a seamless customer journey and personalized offerings because they have become accustomed to top-notch individualized service from GAFA giants Google, Apple, Facebook, and Amazon. The changing ecosystem offers established banks new, unexplored opportunities and encourages a transition beyond traditional products to meet the exacting requirements of today’s customers. Bank collaboration with FinTech and RegTech partners is becoming commonplace. Incumbents are exploring point-of-sale financing and unsecured consumer lending, while they also boost their digital channel competencies to reach a broader customer base. Banks are beginning to accept open APIs and are working with third-party specialists to create an open shared marketplace. Technological advancements such as AI are fueling efforts to evolve customer onboarding and touchpoint processes. Increasingly, banks are turning to design thinking methodology to understand the customer journey, extract deep insights, and develop a more refined user experience across the customer lifecycle.
Our analysis of the top retail banking trends for 2020 offers a glimpse into the fast-changing banking ecosystem and explores the tools and solutions being used to face new-age challenges.
Aspects of the life insurance industry have remained constant for years – and so have premiums. Traditional savings products have taken a huge hit in terms of attractiveness because low interest-rates prevail. Meanwhile, the risk landscape is shifting, and insurers need to align better with the emerging business environment, manage changing customer preferences, and improve operational efficiencies. Within today’s scenario, industry players are undertaking tactical and strategic shifts in attempts to manage unpredictable market dynamics. Insurers must develop alternative products to breathe new life into policies and leverage emerging technologies (artificial intelligence (AI), analytics, and blockchain) to improve efficiency, agility, flexibility, and customer-centricity.
Read Top Trends in Life Insurance: 2020 for a look at the innovative steps future-focused insurers are considering to meet industry challenges and opportunities.
The health insurance industry is evolving and undergoing significant changes. As the risk landscape shifts, insurers are working to improve operational efficiencies, meet evolving customer preferences, and align better with the changing business environment. Accordingly, payers must adapt and align business models and offerings. An incisive tactical approach is required to accommodate members’ needs and related emerging risks — medical, health, and environmental. Advanced technologies such as artificial intelligence, analytics, automation, and connected devices are enabling insurers to manage these changes proactively, partner with members, and help to prevent risks, all the while continuing to fulfill payer responsibilities.
Read Top Trends in Health Insurance: 2020 to learn which strategies insurers are adopting to navigate and align with today’s challenges.
Similar to other financial services domains, payments is evolving into an open ecosystem. The EU’s Payment Services Directive (PSD2) pioneered open banking by encouraging banks and established payments players to securely open the systems to foster competition, innovation, and more customer choices. In tandem with non-cash transaction growth, regulations are driving banks and payments firms to expand their array of payment methods and channels. Governments are encouraging financial inclusion by also promoting the adoption of non-cash payments. Increasingly, merchants and corporates seek to offer alternative payment systems because of widespread popularity among consumers. Alternative payments also enable merchants to provide real-time and cross-border payments to boost business efficiency.
Banks, payment firms, card firms, BigTechs, FinTechs, and other players are continuously developing new technology to cash in on market changes. However, data breaches and fraud continue to hinder innovation as firms devote countless resources each year to address security issues. Many governments are also designing new regulations to reduce ecosystem threats. All these measures are expected to make the current ecosystem much more secure and simple for players as well as customers.
Top Trends in Payments: 2020 explores and analyzes payments ecosystem initiatives and solutions for this year and beyond
Have you ever wondered how search works while visiting an e-commerce site, internal website, or searching through other types of online resources? Look no further than this informative session on the ways that taxonomies help end-users navigate the internet! Hear from taxonomists and other information professionals who have first-hand experience creating and working with taxonomies that aid in navigation, search, and discovery across a range of disciplines.
0x01 - Newton's Third Law: Static vs. Dynamic AbusersOWASP Beja
f you offer a service on the web, odds are that someone will abuse it. Be it an API, a SaaS, a PaaS, or even a static website, someone somewhere will try to figure out a way to use it to their own needs. In this talk we'll compare measures that are effective against static attackers and how to battle a dynamic attacker who adapts to your counter-measures.
About the Speaker
===============
Diogo Sousa, Engineering Manager @ Canonical
An opinionated individual with an interest in cryptography and its intersection with secure software development.
This presentation by Morris Kleiner (University of Minnesota), was made during the discussion “Competition and Regulation in Professions and Occupations” held at the Working Party No. 2 on Competition and Regulation on 10 June 2024. More papers and presentations on the topic can be found out at oe.cd/crps.
This presentation was uploaded with the author’s consent.
Sharpen existing tools or get a new toolbox? Contemporary cluster initiatives...Orkestra
UIIN Conference, Madrid, 27-29 May 2024
James Wilson, Orkestra and Deusto Business School
Emily Wise, Lund University
Madeline Smith, The Glasgow School of Art
Acorn Recovery: Restore IT infra within minutesIP ServerOne
Introducing Acorn Recovery as a Service, a simple, fast, and secure managed disaster recovery (DRaaS) by IP ServerOne. A DR solution that helps restore your IT infra within minutes.
11. What Who How
Private Securities Capital Markets Firms Digital Asset ledger for issuing private securities to investors
Syndicated Loans Lenders and
Borrowers
Shared loan ledger allows lending syndicate to form and arrange
loan
Ripple Integration Banks and Payment
Service providers
Connector for lower cost ‘peer to peer’ Foreign Exchange
between banks
PSD2 Compliance Banks, Payment
Services, Customers
Authorizing access to customer bank accounts by payment
providers
Business Identity Small Businesses,
Institutions
Businesses control ‘self-sovereign’ business identity information,
verified and shared.
Fiat - Relay Users of ‘Dapps’ and
Banks
Distributed app users able to ‘Cash-out’ from cryptocurrency
more easily.
Loyalty Consumers, Retailers,
Card Providers
Digital loyalty point wallets and decentralised exchange. ‘Pop-up’
coalition loyalty schemes.
Social Loyalty Communities,
Charities
Charitable / welfare donation and non-cash value earning and
redemption for the financially excluded to improve social welfare
Capgemini Proof of Concept Work on Blockchain
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*
*
So – this time, let’s recap on what Blockchain actually is
Look at design patterns
Then look at some use cases that Capgemini has been working on
Think about the business success factors
Sum up and questions
There has been a startup scramble, possibly a ‘bubble’ of activity. Almost reminiscent of Netscape and the browser wars...1995..
‘Another class of thing, like the internet
..a new organizing paradigm’
Reinventing the infrastructure for transacting globally, between institutions, in real time.
A distributed database you can trust... Chris Skinner’s video interview on Capgemini ‘Agents of Change’
But WHEN will this happen and WHERE are we on the Gartner Hype Cycle?
Some people are getting cynical about all the Startup and PoC fever.
Bitcoin, Litecoin, Counterparty, Namecoin, Stellar, Ethereum, Ripple, BitShares, Eris, Lisk, Tendermint, Factom, Setl, Evernym, Guardtime KSI
(It’s hard to keep up evaluating all these!!)
Have seen some quiet successes and some spectacular failures in governance and trust – the DAO
But we are seeing...
Emerging standards..
Hyperledger / Linux Foundation
R3 and Corda
Blockstack
DECENTRALIZED DATABASE
Data is stored in more than one place
Blockchain-databases vary, but one common trait is that all or part of the database is replicated at each node
This gives a resilience which is well suited to applications of critical national importance, such as payment systems and tax records
«Data» can be anything
In the original implementation (Bitcoin) the data was information about transactions for each Bitcoin
It is a database technology, with no special limitations on the data to be stored
Each entry is «chained» to the next
The name «blockchain» stems from the fact that each record in the database is connected to the next through a mathematical process
It is impossible to change a transaction which occurred earlier in the chain without also changing all subsequent transactions
PROCESS AUTOMATION
Smart contracts are small programs written in the database
These can be used to make value transfers upon given conditions being true, but can also perform other tasks
For example, an electronic land registry could transfer ownership of a property upon the receipt of payment
Automate processes by decomposition into smaller steps
If a process can be decomposed into steps, then it can be automated by each step being handled by a smart contract module
Processes which end in a payment – such as applications for loans or benefits – are particularly well suited
Smart contracts are in the database – not middleware
Because they can be written directly in the core system, smart contracts can be more robust and efficient than virtual robots
Particularly interesting when core systems are being replaced, but add-on modules can also be create (such as for reporting)
CRYPTOGRAPHIC SECURITY
Built on public-key infrastructure
Each entry in the blockchain is linked to the next through a mathematical process, so that changing a single record also requires a change to all subsequent records
This makes the blockchain an immutable record
Cryptographic security can be varied according to need
Bitcoin uses extremely energy- and time-consuming cryptography because it was intended to be open to all – this is not always necessary
Most financial and public sector uses are likely to limit access to known participants, and therefore can rely on faster internal algorithms and trust… theoretically
Limit the severity of data breaches
A blockchain can be designed to require more than one cryptographic key to read or edit data, to reduce the severity of any data breach
This could be important for sensitive health-data, for example
VALUE TRANSFER
Blockchain was initially used for transferring currency value…
Payments in digital currencies – so called cryptocurrencies – were the first use-case, and the one primarily associated with blockchain
Other digital values such as shares, bonds or national currencies in digital form can just as easily be transferred
… but the record-keeping “ledger” functionality has many other uses
Blockchain is useful in any area where an immutable record of the past is required – typically registries of ownership
Already blockchain is used for land registration, patent records, refugee identity, and even ownership of diamonds
Any digital representation of an asset
Anything given a digital “fingerprint” and which is valuable enough to want to track ownership of, can be put on a blockchain
«Control» over physical assets still requires a legal tie between owner and asset – such as a deed
There are many such platform technologies:
Bitcoin, Litecoin, Counterparty, Namecoin, Stellar, Ethereum, Ripple, BitShares, Eris, Lisk, Tendermint, Factom, Setl, Evernym, Guardtime KSI
We evaluate these and it’s hard to keep up!!
Emerging standards..
Hyperledger / Linux Foundation
R3 and Corda
Blockstack
Here’s a famous (but fuzzy) diagram on network design.... From Paul Baran in 1964:
Paul Baran http://en.wikipedia.org/wiki/Paul_Baran
contrasted centralized systems (such as governments), decentralized ones (such as Twitter+Facebook+Google, etc.) and distributed ones, using this drawing http://www.rand.org/about/history/baran-list.html
Centralized, Decentralized and Distributed
(I prefer to call the middle one ‘Federated’ – Federated and Distributed and both DE-centralized.)
Let’s try to UN-fuzz that a little:
Look at the right hand side of this diagram from a network design – connectivity - perspective: it’s the internet! Hooray let’s do it!
It just works.
No one owns it.
Everyone can use it.
Anyone can improve it.
(thanks to the BBC ‘IT Crowd’ for the image)
But looking at it from at it from a software perspective: Oh dear. It gets a lot harder to do as you go distributed:
Ease of development : centralized are quick to set up (e.g. Use a ready-made framework) Federated and Distributed, you have to first work out some tough protocols - how to ‘trade’ the common resources and ‘communicate’ in a different way.... A very high-stakes Service Oriented Architecture
Maintenance : Centralized systems are easier to maintain as there is only one big thing to fix (and that also makes it a single point of failure). Federated have more... but finite. Distributed systems are very hard – eg deploying fixes.
That’s partly why the WWW is dominated by centralised websites and providers like google, facebook, amazon, ebay, twitter rather than the distributed model of peer to peer information sharing that Tim Berners-Lee perhaps anticipated. Of course all these guys, especially Google, use distributed architecture themselves – think of the parallel processing and big data - MapReduce and Hadoop. (centrally orchestrated, but with distributed nodes. A hybrid)
SO why do it at all?
SO why do it at all?
Fault Tolerance / Stability / security: assassinate the leader = chaos. Kill the leader of a federated system and you will spawn similar, but now un-coordinated centralised systems. A single failure in a distributed system... Isolated problem (Unless it’s a ‘systemic’ flaw)
Scalability : Centralized =Low, Distributed =Infinite....IN THEORY But the tech is still immature: Bitcoin blockchain (with proof of work) can do only 10TPS! (the blocksize and blocktime constrain it)
- by contrast Mastercard operates centrally, at tens of thousands of TPS.
Cloud technology helps those centralised logical application design scale massively on physical infrastructure that is massively distributed – or ‘serverless’
(But blockchains can also deploy in cloud and are optimised to go much faster, and bring blockchain-like characteristics to centralized db’s like Oracle ..’blockchain as a service’ is now being offered by IBM and Microsoft)
https://guardtime.com/blog/guardtime-announces-ksi-blockchain-integration-for-oracle-11g-12c
Innovation/Diversity : Centralized = low; Federated/Distributed systems = high (once the basic infrastructure is in place)
Blockchain is a distributed ledger technology for VALUE EXCHANGE
Now Look at it again from an economic / social / political / biological perspective: Who’s in charge? Who is our sovereign? A ‘strong leader’ / dictator model you can think of those for yourselves. I’m not going to invite a Cyber Attack. A concentration of power, and strong barriers to entry for any other potential central node; a Centrally Planned economic model.
There are trade offs between the sovereignty of the individual and the state or community... There is collective trust needed in all these models..
A central website like google, facebook, amazon, ebay, twitter ... have all my data. And some take a ‘commission’ on all my trades with the other nodes in the network. OK... They federate (link to each other) and compete for all my data, and I might trust some more than others, and have some choices about how far I extend trust.
Internet tech... Stacks of content and fancy rendering.... but Txions... We have only recently got to microservices and rest
And even then that’s pretty centralized... Data and code. Facebook. Google.
Cloud has virtualised and shared it... But it’s still logically centralized.
Very little is truly distributed.. Except the people and things / Assets that the objects represent.
To transact, people have always needed a ledger, and trust...
A market place where people (or things) transact value
Crowded landscape of participants.. of different types... buyers, suppliers, regulators
It doesn’t work that well today: maybe it’s clumsy, there’s no trust or transparency or
It won’t scale up, or has a scary single point of failure
Everyone could probably agree on some rules of fair play
There’s benefit from near-instant exchange value and information in one go, and
If we could automate all the checking and registering... speed it up, reduce risk and working capital
If we could keep the government / regulator as we went along, not in clumsy audits
...so that all involved can serve their customers well ,and profitably.
What do we learn from that for Blockchain Use Cases?
Where you have a simple idea, you need to grow fast, your users trust you and scale isn’t a worry, go centralized. Don’t bother with blockchain.
Where you are serving a market of individual contributors who don’t trust central authorities, then think distributed, but perhaps start centralized.
Where you are aiming for massive scale – for example in financial markets or public sector – and you can take your time to design now for distributed, it’s good to experiment while you wait for the technology to mature.
From Value Pipes to ecosystem marketplaces... Value Exchange Platforms.... Like Uber, Alibaba, Airbnb, ebay.
https://youtu.be/4Sijo5w9EZA
Platform strategy is determined by three factors:
Connection: how easily others can plug into the platform to share and transact - toolbox
Gravity: how well the platform attracts participants, both producers and consumers – ‘magnet’
Flow: how well the platform fosters the exchange and co-creation of value – ‘matchmaker’ - deal brokering
Private Securities Blockchain solution enables Capital Markets firms to create Digital Assets for Private Securities and automates the Master Order Book, Corporate Action and Exchange of Digital Securities, with direct access and oversight for State Regulatory Bodies
Syndicated Loans A de-centralized solution that brings a common digital platform to a small group of stakeholders (Lead Bank, Participating Bank and Borrower) to increase efficiency in arranging loans (conversion from paper to digital)
Ripple Integration Based on our partnership with Temenos (core banking) and Bluzelle (Ripple Gateway) this allows for Financial Institution to connect their Core Banking application directly to the Ripple Network
Blockchain solution for Payment Service Directory 2 (PSD2) targets to create a common framework and standard for Third Parties and Financial Institutions to authorize transactions between 2 parties. (Ethereum)
Business Identity Small businesses can control their own strong and verified ‘self-sovereign’ business identity and authorisations and grant secure access to relevant information
Fiat-Relay is an open source initiative by Capgemini and a partner bank to connect Smart Contracts to Traditional Payment Services
Digital Loyalty Tokens Platform that enables multi-tenant, cross-platform collaboration and a de-centralized exchange for easy and quick conversion of Loyalty tokens
Social Loyalty Charitable / welfare donation and non-cash value earning and redemption for the financially excluded to improve social welfare
Overview
Smaller businesses can find it difficult to prove their identity and reputation to tax authorities, lenders, insurers and other financial institutions, their trading counter parties and to their customers.
They submit the same documents, proofs and references many times and need to maintain those details with multiple parties.
They have directors, employees or agents that they trust and authorise to act on behalf of their company, but need to create (or revoke) those authorisations with many separate institutions.
The Blockchain allows for ‘self-sovereign’ business identity information, notarised by proving authorities, together with access and authorisation rights in a distributed database
BC Benefit
The solution leverages Blockchain technology to build and share identity and authorisation records, under ‘self sovereign’ business control
Secure, immutable records with trusted governance
Distributed, self-service solution that increases resilience and availability and reduces the cost of data protection for relying parties like tax authorities
Target Clients
Tax authorities relying on and maintaining centralised business identity and agent access data
FI’s and Credit Reference Agencies providing value-added services to the small business sector
Banks or other providers offering a simplified business loan service
Reduce Friction: Make sure we know the current frictions - inefficiencies, delays, handoffs - and how we will tackle them to make a material difference for all of the key participants.
Critical mass: How do we get to the point where there are enough participants on the platform for it to be mutually valuable enough for them to stay after they have joined? Some will join only out of initial curiosity - how will we keep them?
Pricing: How to have a measurable, worthwhile financial /non-financial benefit? Will some key third party partcipants need to be subsidised to join? Just at the start? Or forever, in transaction fees, maybe?
Ecosystem: Membership. Who gets in at the beginning? Who is kept out? How? How will the excluded behave? What will the 'network effects' be? Who could be the 'bad actors'? How will it grow / scale affordably?
Meeting Place: The apps... Make sure that the user experience for all the participants is great: make them want to come back. Engage with third party software providers via secure API’s
Governance: Ensure a clear, open and trusted governance capability - with policy, process, people/organisation, information and technology is in place to keep the platform secure stable and in line with regulations and operating principles.
Summary:
You should be focusing on your most important business problems, not the technology... but
Prepare to open up your legacy monoliths – find business services of ‘market’ value in an ecosystem (before someone else does) – design a platform capable of distribution
Don’t use a blockchain right now if there’s a better way of solving the problem with conventional technology... Does it really need to be distributed?
We work as a virtual community, a distributed network (of course) - led by Bart Cant
We published a White Paper in Nov 2015 explaining our Framework for Evaluating Blockchain Technology – can tell you more about that if you come and find me afterwards... we offer our services on G-Cloud 9 focused on public sector
We can go into a little more detail on the technology, and also....
give you more details of the other use cases you see in this presentation and show some of it in action (I hope!)
Infographic : https://www.capgemini.com/resources/infographic-the-disruption-of-blockchain-on-the-financial-services-industry
Point of View: https://www.capgemini.com/resources/blockchain-a-fundamental-shift-for-financial-services-institutions
Blogs: https://www.linkedin.com/pulse/distributed-business-thinking-needed-technology-nick-meyne