This document discusses blockchain technology and its applications. It begins by explaining that blockchain was invented to decentralize transactions and provide a single source of truth without needing trusted third parties. It then describes key components of blockchain like distributed ledger technology, crypto assets, and smart contracts. The document outlines several types of blockchain applications and provides examples of how blockchain can be used in areas like intellectual property rights, new products, record keeping, and correspondent banking. It concludes by stating that blockchain presents a great opportunity for the economy and society.

1. Blockchain
Recentdevelopmentsandapplications
Laurent Féral-Pierssens
Executive Director, Emerging Tech
KPMG Canada
lferalpierssens@kpmg.ca
linkedin.com/in/pierssens
Gowling WLG Conference
Montreal, November 22, 2017

2. ARTIFICIAL INTELLIGENCE
Learning algorithms at the heart of
technologies and systems
BIG DATA ANALYTICS
Collecting and analyzing large amounts
of data to uncover patterns, correlations
and insights
DIGITIZATION
The rapid development and adoption
of social, mobile and cloud
infrastructure
BLOCKCHAIN
A distributed framework to
establish trust, transparency and
automatization
FiveTechnologicalTrendsAreDrivingChange
INTERNET OF THINGS
Connecting the dots…

4. Blockchainhasbeeninventedto
DECENTRALIZE TRANSACTIONS

5. Blockchainhasbeeninventedtoprovidea
SINGLE SOURCE OF TRUTH

6. Todaywesolvethisveryproblemusing
TRUSTED 3rd parties

7. ThenatureoftheRECORD canbeverydifferent
transaction vote contract

8. EachblockchainisaglobalNETWORK

9. MostimportantinnovationsincetheINTERNET

10. Keycomponents
Distributed Ledger Technology
DLT is a write-once database so it registers
an immutable record of every transaction
that occurs.
Crypto Asset
Blockchains have underlying cryptographic
currencies, and can tokenize any asset and
track digitally and securely.
Smart Contracts
Some blockchains can store and execute both
data and logic (code). Can enforce the code to
make payments, update blockchain, transfer
ownership, etc.
Crypto Economy
Describes the nature of the decentralized
ecosystem being created. The
stakeholders, incentives, governance,
monetary distribution.
Liquid Market
Ability by participants to transact peer
to peer creating a fluid market with
properties that have more in common
with commodities than foreign
exchange.

11. Internet
…
Social Media
Ecommerce
Blogs
Wikipedia
Browser (mosaic, netscape)
HTML
HTTP
Gopher
TCP/ IP
Blockchain
?
DApps
Smart Contracts / Ethereum
Consensus Protocol / bitcoin
Adoption

12. 1. Infrastructure
Fundamental elements of the value chain, the backbone of the
crytoeconomy. For example, they are the original protocols (bitcoin,
ethereum), decentralized exchanges. New innovation happens every day.
2. Adoption
Applications and tools that are serving the ecosystem by enabling
adoption. Wallets, forensic tools, crypto-asset portefolio reporting.
3. Blockchain-first applications (Dapp)
Applications, products that are first created on or for a blockchain.
4. Permissioned Blockchain
Applications, products built to require permission to participate, that
limit the parties who can transact or serve the network.
TypesofBlockchainapplications*
* non exhaustive list

13. Crypto-asset
Crypto-currency
Coin
Token
Has no intrinsic value in that it is not
redeemable for another commodity,
such as gold
Has no physical form and exists only
in the network
Its supply is not determined by a
central bank and the network is
completely decentralized

14. …

15. BlockchainintheREAL WORLD

16. Intellectualpropertyrights

17. Newproducts

18. Recordkeeping

19. BlockchainintheREAL WORLD
CorrespondentBanking

20. Blockchainnation

21. Newcapitalraising

22. BlockchainisaGREAT OPPORTUNITY
foroureconomy,foroursociety

23. Thankyou!
Laurent Féral-Pierssens
Executive Director, Emerging Tech
KPMG Canada
lferalpierssens@kpmg.ca
linkedin.com/in/pierssens