MindWorks Ventures presents 'Blockchain Report 2017' which includes an introduction to blockchain, industry trends, relevant blockchain startups, and potential risks and regulations.
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/
Tencent recently re-engineered the WeChat messaging app in a way that applications smaller than 10 megabytes can run instantly on WeChat's interface.
Our report includes an introduction to WeChat mini-programs, an overview of its growing market and ecosystem, and takes a deep dive into its different use cases and implications.
The document discusses the future of banking and finance in 2030, 2060, and 2100. By 2030, banks will have transitioned to digital platforms and will dominate the digital economy using fintech. By 2060, banks will provide capital through cloud-based funding and will control all production and sales. By 2100, banks will define people's life scripts and control all aspects of people's lives, effectively becoming the new government in a cashless, decentralized world.
Most promising current and future payment technologies | SG AnalyticsSG Analytics
The decades-long debate over the evolution of payment technology continues in the age of mobile wallets, EMV, blockchain, etc.
The evolutionary disruptive technologies in the payment landscape are poised to redefine businesses with increased automation and connectivity.
In this presentation, SG Analytics highlights the evolution of the 9 most important payment technologies that will transform the world’s financial ecosystem!
Fidor Bank is an innovative German bank that focuses on digital banking, global payments, and community. It aims to be a trusted partner for sending and storing digital assets. Fidor Bank differentiates itself by incorporating social media features like crowdsourcing, crowdfunding, and a user community. It offers banking services through its FidorPay account, which allows users to gradually provide more information and access more features. Fidor Bank sees opportunities in growing digital markets and aims to be the bank for the digital lifestyle.
Bitcoin and APIs are acquiring becomes an increasingly important consideration in the financial sector. Find out in this ebook what is blockchain and the importance of bitcoins, among many other things. More information in http://bbva.info/2t1NEv7
http://pwc.to/1fsT9Uu
Le Bitcoin est une monnaie numérique peer-to-peer qui connait un essor mondial. En 2013, le Bitcoin a obtenu 3,4 millions de mentions sur internet. Aux États-Unis, plusieurs petites et grandes entreprises du divertissement, des médias et des télécommunications ont entrepris des expériences avec cette nouvelle monnaie. PwC a donc mené une enquête auprès des consommateurs en ligne pour recueillir des informations sur la sensibilisation, les attitudes et les comportements liés au Bitcoin.
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/
Tencent recently re-engineered the WeChat messaging app in a way that applications smaller than 10 megabytes can run instantly on WeChat's interface.
Our report includes an introduction to WeChat mini-programs, an overview of its growing market and ecosystem, and takes a deep dive into its different use cases and implications.
The document discusses the future of banking and finance in 2030, 2060, and 2100. By 2030, banks will have transitioned to digital platforms and will dominate the digital economy using fintech. By 2060, banks will provide capital through cloud-based funding and will control all production and sales. By 2100, banks will define people's life scripts and control all aspects of people's lives, effectively becoming the new government in a cashless, decentralized world.
Most promising current and future payment technologies | SG AnalyticsSG Analytics
The decades-long debate over the evolution of payment technology continues in the age of mobile wallets, EMV, blockchain, etc.
The evolutionary disruptive technologies in the payment landscape are poised to redefine businesses with increased automation and connectivity.
In this presentation, SG Analytics highlights the evolution of the 9 most important payment technologies that will transform the world’s financial ecosystem!
Fidor Bank is an innovative German bank that focuses on digital banking, global payments, and community. It aims to be a trusted partner for sending and storing digital assets. Fidor Bank differentiates itself by incorporating social media features like crowdsourcing, crowdfunding, and a user community. It offers banking services through its FidorPay account, which allows users to gradually provide more information and access more features. Fidor Bank sees opportunities in growing digital markets and aims to be the bank for the digital lifestyle.
Bitcoin and APIs are acquiring becomes an increasingly important consideration in the financial sector. Find out in this ebook what is blockchain and the importance of bitcoins, among many other things. More information in http://bbva.info/2t1NEv7
http://pwc.to/1fsT9Uu
Le Bitcoin est une monnaie numérique peer-to-peer qui connait un essor mondial. En 2013, le Bitcoin a obtenu 3,4 millions de mentions sur internet. Aux États-Unis, plusieurs petites et grandes entreprises du divertissement, des médias et des télécommunications ont entrepris des expériences avec cette nouvelle monnaie. PwC a donc mené une enquête auprès des consommateurs en ligne pour recueillir des informations sur la sensibilisation, les attitudes et les comportements liés au Bitcoin.
State of the blockchain markets, july 2016Chris Skinner
The document provides an overview of blockchain applications and investment trends from July 2016. It finds that the number of blockchain companies founded has grown significantly since 2010, with over 150 founded in 2016. Investment rounds and total funding have also increased substantially year-over-year. The report analyzes funding by stage and sector, noting the majority of funding goes to financial services and technology enabler companies. It also lists some of the most active investors and largest deals.
Whether you are planning for establishing a white label crypto exchange software development company or a centralized trading development in the Middle East, you must know about compliance and taxation outlook in this region. This article will give you a better understanding of legal regulation and taxation in the Middle East.
Digital Asset Transfer Authority Bit license comment letter (21 10-14)DataSecretariat
This letter from DATA (Digital Asset Transfer Authority) provides comments on New York's proposed BitLicense regulations. It argues that 1) the scope of regulated activities is too broad and would stifle innovation, 2) the new AML requirements pose serious privacy issues and require untenable data collection, and 3) the regulations should be revised to address these concerns and balance consumer protection with allowing new technologies to develop. The letter provides background on DATA and the digital currency industry's efforts toward self-regulation, and encourages NYDFS to revise the regulations to be more risk-based and avoid overregulation that could discourage new technologies.
How Cryptocurrency is affecting the Indian economyOliviaJune1
Conclusion
So this was all about the effects of Cryptocurrency in India. If anyone is interested in learning blockchain, then they can go for a blockchain course online. Blockchain technology training will also help in getting upcoming job opportunities regarding Cryptocurrency.
From Bitcoin to Blockchain: Industry Review April 2017 from OLMA NEXT LtdOLMA Capital Management
When the Bitcoin cryptocurrency was released in 2009, its underpinning, the blockchain distributed ledger system was the real technological breakthrough, a formulation that promises to change the basis of all types of transactions globally.
Blockchain technology has paved the way for an Internet of Transactions. Blockchain technology has already proved its worth in such areas as means of payment, interbank exchanges and international remittances. Touted as the next digital revolution, blockchain technology has the potential to transform traditional industries and alter society through disintermediation of trade. Any situation that involves an intermediary that is expensive or fallible represents an opportunity to create a blockchain application case. No industry is immune to the blockchain’s disruption potential.
In 2017, the blockchain technology is at an inflection point. The industry is in a state of transition and must move to Blockchain 2.0, which means the adoption of more sophisticated applications, such as micro-payments and smart contracts. Having outgrown its original bitcoin community, the majority of blockchain applications have yet to pass beyond the prototype stage to make blockchain technology the greatest restructuring technology of the next decade.
mBank - the most design-driven digital bank in the world - NetFinance, Miami ...Nordea
Most recent update on mBank - the most design-driven digital bank in the world.
Deck presented at NetFinance in Miami in April 2014.
6 global innovation awards (Finovate, Efma, Bank Innovation 2014, Celent's Model Bank 2014). Coverage by Forrester Research, TechCrunch, Harvard Business Review, WSJ, American Banker and more...
The distributed ledger technology underlying cryptocurrency is advancing quickly, requiring banks to take the initiative or risk falling behind in the next generation of digital commerce.
The document discusses how financial institutions need to transition from physical to digital operations and from product-based to customer-centric models. It notes that digital interactions will soon outnumber physical ones and that customers increasingly expect to manage their finances through mobile and online access. It also briefly touches on opportunities for financial institutions through social networking and building online communities.
1) While Bitcoin and other cryptocurrencies still face challenges around regulation and perception, their use for payments is growing as more major brands accept them.
2) A company called BitPay processes payments for over 52,000 merchants accepting Bitcoin, showing its increasing commercial viability despite still making up a small portion of overall transactions.
3) For cryptocurrencies to truly threaten traditional currencies, their regulation, stability, and consumer adoption would need to significantly increase.
Overview of all crypto-friendly cards: a lot of hype but almost nothing inside
Most crypto-friendly debit cards offer similar functionality and limits, functioning essentially as linked bank accounts that allow spending from cryptocurrency holdings. While there are over 30 such cards, usage remains niche due to limited merchant acceptance of cryptocurrencies and operational challenges for startups in meeting bank transaction volumes. Additionally, some traditional banks actively discourage cryptocurrency purchases and spending by closing customer accounts or declining transactions related to digital currencies.
Automated cross chain-fiat exchange solution concept --- How WeChat can lever...Duc Pham
Solution concept for future token economy solving one of the biggest hurdles.
Problem Statement:
We all want to buy/pay online convenient & protected, anywhere & anytime with the type of currency of our choice.
Doing so should not require massive resources and rely on inefficient redundant processes but rather automatically executed without our further notice.
Solution:(P2P) or ‘decentralized’ exchanges are operated and maintained exclusively by software
Establishing an interconnected system with necessary elements like the core „exchange“ smart contract, arbitorary entitities, network of exchanges to automate data & verification processes necessary for currency conversion and consumer protection (multisignature).
The underlying solution does automate cross – chain - fiat conversions so that participants pay/buy with desired currency without notice.
Created by duc.phamtr@gmail.com shared because someone is a scammer
Contact me if you are:
1. interested in execution of this solution
2. not a cheap talker or scammer
3. either high motivation & skillset OR capital & time
India recently kicked off the Data Empowerment architecture, a framework for consented data sharing across the financial sector. This allows Nandini (Persona) to share data on her business’ regular invoices or GST payments seamlessly and securely.
Any bank or NBFC can now offer a regular stream of small-ticket working capital loans based on her demonstrated ability to repay. This is in sharp contrast to the status quo, where banks typically offer only larger loans backed by collateral. Using cash flows rather than collateral as the basis for credit is known as Flow-Based lending. Because producing collateral is a roadblock for the poorest Indians, Flow-Based lending may be their only opportunity to access the credit they sorely need for growth.
How Can Blockchain Technology Impact The Travel & Tourism Industry?Pulsehyip
Blockchain has the potential to change several markets within travel & tourism, but particularly those where users would benefit from the security and transparency that blockchain would provide, such as the distribution of payments, funding and contract enforcement.
The document discusses the future of fintech and blockchain. It provides an overview of blockchain technology including how it works, different types of blockchains, and key features. It then explores several potential applications of blockchain technology in various industries such as banking, insurance, voting, supply chains, and government services. The document suggests blockchain could help address issues with data security, accountability, and trust that currently exist with centralized systems like cloud computing.
Financial institutions in the MENA region remain skeptical of bitcoin despite its growing adoption. Small groups and entrepreneurs are developing platforms to promote bitcoin as a means of addressing poor financial inclusion in the region. While low credit card usage and difficulty obtaining bank accounts drive potential bitcoin demand, cultural and technological challenges remain. Combined efforts between governments and businesses are needed to build trust and drive bitcoin growth, through education and outreach. However, bitcoin adoption in the MENA region currently remains low due to lack of incentives, innovation, and trust in the currency's security.
Research Paper
Dr Daniel Barreto's class: Leading Trends in IT.
Grade: 97%
Co-written by Christina Rentschler, Victor Gardrinier and Dean Rauschenbusch.
Date: 08/2017
Bit2C is an Israeli company that operates a bitcoin trading platform. It facilitates trades between buyers and sellers seamlessly, simply, safely and securely. The company expects to generate $400k in revenue its first year and $1.3M its second year as the number of registered traders grows. Bit2C aims to raise $850k in funding to improve its user interface, offer customer service, and launch marketing campaigns to gain market share and grow its business in the emerging bitcoin trading market.
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 Impact in Financial Sector Research by Artivatic.aiArtivatic.ai
Blockchain is the hot & most important new age technology that is going to disrupt the decentralization among the enterprises for information exchange, transaction and storing the information in most secure and safe way. Decentralized technology is going to change the way businesses are done in the future. Its the future of technology. Do read some research insights from Artivatic.ai team for the Blockchain industry.
This document provides an introduction to blockchain technology. It defines blockchain as a computer code-based system that records transactions in blocks that are linked together in a chain. Each party in a transaction gets a copy to prevent fraud. Blockchain allows for immutable, transparent and auditable record keeping. The document discusses key factors like identity, transactions, blockchain and consensus. It provides examples of early blockchain use cases like Bitcoin and opportunities for industries like lending, real estate, and supply chain. It also covers scaling solutions and the current state and future of blockchain.
State of the blockchain markets, july 2016Chris Skinner
The document provides an overview of blockchain applications and investment trends from July 2016. It finds that the number of blockchain companies founded has grown significantly since 2010, with over 150 founded in 2016. Investment rounds and total funding have also increased substantially year-over-year. The report analyzes funding by stage and sector, noting the majority of funding goes to financial services and technology enabler companies. It also lists some of the most active investors and largest deals.
Whether you are planning for establishing a white label crypto exchange software development company or a centralized trading development in the Middle East, you must know about compliance and taxation outlook in this region. This article will give you a better understanding of legal regulation and taxation in the Middle East.
Digital Asset Transfer Authority Bit license comment letter (21 10-14)DataSecretariat
This letter from DATA (Digital Asset Transfer Authority) provides comments on New York's proposed BitLicense regulations. It argues that 1) the scope of regulated activities is too broad and would stifle innovation, 2) the new AML requirements pose serious privacy issues and require untenable data collection, and 3) the regulations should be revised to address these concerns and balance consumer protection with allowing new technologies to develop. The letter provides background on DATA and the digital currency industry's efforts toward self-regulation, and encourages NYDFS to revise the regulations to be more risk-based and avoid overregulation that could discourage new technologies.
How Cryptocurrency is affecting the Indian economyOliviaJune1
Conclusion
So this was all about the effects of Cryptocurrency in India. If anyone is interested in learning blockchain, then they can go for a blockchain course online. Blockchain technology training will also help in getting upcoming job opportunities regarding Cryptocurrency.
From Bitcoin to Blockchain: Industry Review April 2017 from OLMA NEXT LtdOLMA Capital Management
When the Bitcoin cryptocurrency was released in 2009, its underpinning, the blockchain distributed ledger system was the real technological breakthrough, a formulation that promises to change the basis of all types of transactions globally.
Blockchain technology has paved the way for an Internet of Transactions. Blockchain technology has already proved its worth in such areas as means of payment, interbank exchanges and international remittances. Touted as the next digital revolution, blockchain technology has the potential to transform traditional industries and alter society through disintermediation of trade. Any situation that involves an intermediary that is expensive or fallible represents an opportunity to create a blockchain application case. No industry is immune to the blockchain’s disruption potential.
In 2017, the blockchain technology is at an inflection point. The industry is in a state of transition and must move to Blockchain 2.0, which means the adoption of more sophisticated applications, such as micro-payments and smart contracts. Having outgrown its original bitcoin community, the majority of blockchain applications have yet to pass beyond the prototype stage to make blockchain technology the greatest restructuring technology of the next decade.
mBank - the most design-driven digital bank in the world - NetFinance, Miami ...Nordea
Most recent update on mBank - the most design-driven digital bank in the world.
Deck presented at NetFinance in Miami in April 2014.
6 global innovation awards (Finovate, Efma, Bank Innovation 2014, Celent's Model Bank 2014). Coverage by Forrester Research, TechCrunch, Harvard Business Review, WSJ, American Banker and more...
The distributed ledger technology underlying cryptocurrency is advancing quickly, requiring banks to take the initiative or risk falling behind in the next generation of digital commerce.
The document discusses how financial institutions need to transition from physical to digital operations and from product-based to customer-centric models. It notes that digital interactions will soon outnumber physical ones and that customers increasingly expect to manage their finances through mobile and online access. It also briefly touches on opportunities for financial institutions through social networking and building online communities.
1) While Bitcoin and other cryptocurrencies still face challenges around regulation and perception, their use for payments is growing as more major brands accept them.
2) A company called BitPay processes payments for over 52,000 merchants accepting Bitcoin, showing its increasing commercial viability despite still making up a small portion of overall transactions.
3) For cryptocurrencies to truly threaten traditional currencies, their regulation, stability, and consumer adoption would need to significantly increase.
Overview of all crypto-friendly cards: a lot of hype but almost nothing inside
Most crypto-friendly debit cards offer similar functionality and limits, functioning essentially as linked bank accounts that allow spending from cryptocurrency holdings. While there are over 30 such cards, usage remains niche due to limited merchant acceptance of cryptocurrencies and operational challenges for startups in meeting bank transaction volumes. Additionally, some traditional banks actively discourage cryptocurrency purchases and spending by closing customer accounts or declining transactions related to digital currencies.
Automated cross chain-fiat exchange solution concept --- How WeChat can lever...Duc Pham
Solution concept for future token economy solving one of the biggest hurdles.
Problem Statement:
We all want to buy/pay online convenient & protected, anywhere & anytime with the type of currency of our choice.
Doing so should not require massive resources and rely on inefficient redundant processes but rather automatically executed without our further notice.
Solution:(P2P) or ‘decentralized’ exchanges are operated and maintained exclusively by software
Establishing an interconnected system with necessary elements like the core „exchange“ smart contract, arbitorary entitities, network of exchanges to automate data & verification processes necessary for currency conversion and consumer protection (multisignature).
The underlying solution does automate cross – chain - fiat conversions so that participants pay/buy with desired currency without notice.
Created by duc.phamtr@gmail.com shared because someone is a scammer
Contact me if you are:
1. interested in execution of this solution
2. not a cheap talker or scammer
3. either high motivation & skillset OR capital & time
India recently kicked off the Data Empowerment architecture, a framework for consented data sharing across the financial sector. This allows Nandini (Persona) to share data on her business’ regular invoices or GST payments seamlessly and securely.
Any bank or NBFC can now offer a regular stream of small-ticket working capital loans based on her demonstrated ability to repay. This is in sharp contrast to the status quo, where banks typically offer only larger loans backed by collateral. Using cash flows rather than collateral as the basis for credit is known as Flow-Based lending. Because producing collateral is a roadblock for the poorest Indians, Flow-Based lending may be their only opportunity to access the credit they sorely need for growth.
How Can Blockchain Technology Impact The Travel & Tourism Industry?Pulsehyip
Blockchain has the potential to change several markets within travel & tourism, but particularly those where users would benefit from the security and transparency that blockchain would provide, such as the distribution of payments, funding and contract enforcement.
The document discusses the future of fintech and blockchain. It provides an overview of blockchain technology including how it works, different types of blockchains, and key features. It then explores several potential applications of blockchain technology in various industries such as banking, insurance, voting, supply chains, and government services. The document suggests blockchain could help address issues with data security, accountability, and trust that currently exist with centralized systems like cloud computing.
Financial institutions in the MENA region remain skeptical of bitcoin despite its growing adoption. Small groups and entrepreneurs are developing platforms to promote bitcoin as a means of addressing poor financial inclusion in the region. While low credit card usage and difficulty obtaining bank accounts drive potential bitcoin demand, cultural and technological challenges remain. Combined efforts between governments and businesses are needed to build trust and drive bitcoin growth, through education and outreach. However, bitcoin adoption in the MENA region currently remains low due to lack of incentives, innovation, and trust in the currency's security.
Research Paper
Dr Daniel Barreto's class: Leading Trends in IT.
Grade: 97%
Co-written by Christina Rentschler, Victor Gardrinier and Dean Rauschenbusch.
Date: 08/2017
Bit2C is an Israeli company that operates a bitcoin trading platform. It facilitates trades between buyers and sellers seamlessly, simply, safely and securely. The company expects to generate $400k in revenue its first year and $1.3M its second year as the number of registered traders grows. Bit2C aims to raise $850k in funding to improve its user interface, offer customer service, and launch marketing campaigns to gain market share and grow its business in the emerging bitcoin trading market.
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 Impact in Financial Sector Research by Artivatic.aiArtivatic.ai
Blockchain is the hot & most important new age technology that is going to disrupt the decentralization among the enterprises for information exchange, transaction and storing the information in most secure and safe way. Decentralized technology is going to change the way businesses are done in the future. Its the future of technology. Do read some research insights from Artivatic.ai team for the Blockchain industry.
This document provides an introduction to blockchain technology. It defines blockchain as a computer code-based system that records transactions in blocks that are linked together in a chain. Each party in a transaction gets a copy to prevent fraud. Blockchain allows for immutable, transparent and auditable record keeping. The document discusses key factors like identity, transactions, blockchain and consensus. It provides examples of early blockchain use cases like Bitcoin and opportunities for industries like lending, real estate, and supply chain. It also covers scaling solutions and the current state and future of blockchain.
Crypto currencies usage is growing in a more connected world. The traditional banking industry is being disrupted by a decentralized network, rich in computing resources and connectivity.
Full quality version here -> https://www.scribd.com/document/333257162/Crypto-Currency-Mining-Science
Foreword
This paper is the result of a research project carried out by Labs
in EVRY Financial Services during the fall of 2015. The content of
this report is the result of a comprehensive study, featuring online
sources, literary works, as well as recordings of financial
conferences such as Consensus 2015 and Fintech Week 2015.
We aim to provide a comprehensive report detailing the
opportunities, challenges and key success factors for financial
institutions looking to leverage the opportunities presented by
blockchain technology.
We hope you enjoy this study and that it helps give you greater
understanding.
Evaluating the potential of blockchain technology to radically transform business
[Feel free to download the presentation if you'd like to view it offline]
Cryptocurrencies, Blockchain & Smart Contracts: The New Wave of Decentralizat...Raffaele Mauro
The document discusses the rise of cryptocurrencies, blockchain technology, and smart contracts as representing a new wave of decentralization. It describes how blockchain acts as a distributed public ledger that allows digital transactions to be recorded in a verifiable way without a central authority. Blockchain technology is enabling the disintermediation of financial and political institutions through applications such as digital currencies, peer-to-peer lending, and crowdfunding. The document outlines several potential use cases for blockchain and discusses how it could disrupt industries through decentralized applications, organizations, and networks.
Naos Blockchain presents this report with the following objectives:
1. Describe the evolution of the crypto market and give a
comprehensive summary of the current market situation.
2. Provide detailed information regarding major factors
influencing the market. Drivers, restraints, opportunities,
and challenges.
3. Present the outlook as perceived by the NAOS Team.
This report was created at the beginning of 2019, therefore all data up to February 2019 is historical data, with the base
year for calculations being 2018.
The Blockchain: Introduction and ImplicationsMichael Lesniak
The document provides an introduction to blockchain technology, discussing its origins and implications. It describes how blockchain establishes trust without third parties by using cryptography and distributed networks. Blockchain originated from a 2008 white paper introducing Bitcoin and has since grown significantly. The document outlines several potential benefits of blockchain, such as enabling trust, financial inclusion, and protecting digital identities and rights. It also discusses how blockchain could improve how we exchange value and conduct business through features like smart contracts.
CRYPTOCURRENCY TO REVOLUTIONIZE FINANCIAL SERVICE INDUSTRY.pdfOliviaThomas57
The document discusses how cryptocurrency and blockchain technology have the potential to revolutionize the financial services industry. It explains that blockchain provides transparency, security, efficiency and cost savings. While cryptocurrencies currently face challenges as a currency due to volatility and limited acceptance, blockchain technology could significantly impact transaction speed, traceability and costs if widely adopted. The role of banks may also change as smaller players challenge incumbents using technologies like blockchain and peer-to-peer services.
CRYPTOCURRENCY TO REVOLUTIONIZE FINANCIAL SERVICE INDUSTRY.pptxOliviaThomas57
The document discusses how cryptocurrency and blockchain technology have the potential to revolutionize the financial services industry. It explains that blockchain provides transparency, security, efficiency and cost savings. While cryptocurrencies currently face challenges as a currency due to volatility and limited acceptance, blockchain technology could significantly impact transaction speed, traceability and costs if widely adopted. The role of banks may also change as smaller innovative players challenge large banks through peer-to-peer services and technologies like blockchain.
Business Opportunities in Fintech and BlockchainSaeed Al Dhaheri
This presentation was given at the Etisalat Academy Blockchain Symposium. It highlights how fintech and blockchain technologies are disrupting the financial services industries and other vertical domains as well. It also highlights the important features of blockchain and discusses the business opportunities. It briefly explains types of blockchain and the difference between public and private blockchain ledgers. It talks about the world most major initiatives including Dubai blockchain strategy and provide some examples from current PoC projects in UAE.
Blockchains: Bitcoin was always so much moreRobin Teigland
This document summarizes key trends related to fintech and blockchain technology in Stockholm. It notes that Stockholm had over 100 fintech companies in 2015, with over $658 million invested in Stockholm fintechs over the past 5 years. Major areas of focus for Stockholm fintechs include microlending, crowdfunding, cryptocurrencies, and mobile payments. The document also provides an overview of how blockchain technology works and potential applications in banking, insurance, and other industries.
Blockchain has an array of characteristics, but not limited to, decentralization, transparency, security, and immutability. These characteristics and more make it an extremely appealing choice for businesses across the world.
This document discusses value concentrations in blockchain technology, focusing on enterprise transactions and revenue attribution. It identifies three areas with high operating costs where blockchain can solve problems: B2B transaction flow, programmatic spend attribution, and contract lifecycle management. For B2B transaction flow, the document outlines how blockchain can enable faster and cheaper transactions by removing middlemen. It provides examples of growth stage startups working in this area and notes the significant funding and M&A activity in the enterprise fintech sector relating to blockchain.
Investing In Blockchain Startups - A Guide For Angels & VCs Jamie Burke
A presentation by Jamie Burke at www.blockchainangels.eu meetup (11 02-16) for angel and VC investors wanting to understand opportunity & risk in the space.
Global trade of goods has been growing at double-digit rates since the early 2000s. Digitzation had its time; but still we have manual paper based work exsisitng in most of the Trade finance activities. Now is the time to see value addition from Blockchain based platforms and how they can make this process faster, reliable and paperless.
Blockchain Introduction - Canada Nov 2017.pptxAntony Welfare
Back in 2017 I joined the world of #Blockchain and presented my first ever Blockchain presentation on 14th November 2017 at a Tech meetup in Penticton, BC (Canada)
A few key highlights:
* The fundamentals of Blockchain technology have not changed (Trust, Transparency, Security, Quality/Certainty, Reduced costs)
* We were talking about Web 3.0 back in 2017 😉
* People still miss define Blockchain
* Janet Yellen and Christine Lagarde were commenting on Blockchain back in 2017
* Checkout the Dapps section – I was ahead of my time there!
* And the last three slides on the Market cap and increases – I was excited to tell people the market cap was $200bn, BTC was $8,000 and ETH was nearly $400 ……… Ahhh the good old days 😉
And finally – my “leaders comment” back in 2017 still stands “Blockchain is the next disruptive technology to transform the lives of our customers and our business operations”
What a journey so far…and guess what…its only just begun 👍👍👍
HijackLoader Evolution: Interactive Process HollowingDonato Onofri
CrowdStrike researchers have identified a HijackLoader (aka IDAT Loader) sample that employs sophisticated evasion techniques to enhance the complexity of the threat. HijackLoader, an increasingly popular tool among adversaries for deploying additional payloads and tooling, continues to evolve as its developers experiment and enhance its capabilities.
In their analysis of a recent HijackLoader sample, CrowdStrike researchers discovered new techniques designed to increase the defense evasion capabilities of the loader. The malware developer used a standard process hollowing technique coupled with an additional trigger that was activated by the parent process writing to a pipe. This new approach, called "Interactive Process Hollowing", has the potential to make defense evasion stealthier.
Ready to Unlock the Power of Blockchain!Toptal Tech
Imagine a world where data flows freely, yet remains secure. A world where trust is built into the fabric of every transaction. This is the promise of blockchain, a revolutionary technology poised to reshape our digital landscape.
Toptal Tech is at the forefront of this innovation, connecting you with the brightest minds in blockchain development. Together, we can unlock the potential of this transformative technology, building a future of transparency, security, and endless possibilities.
Discover the benefits of outsourcing SEO to Indiadavidjhones387
"Discover the benefits of outsourcing SEO to India! From cost-effective services and expert professionals to round-the-clock work advantages, learn how your business can achieve digital success with Indian SEO solutions.
1. 1
MindWorks Ventures is a Hong Kong venture capital firm with investments in early and expansion-stage technology start-ups in the Southeast Asia and Greater China region.
mindworks.vc
BLOC KC HAIN REPORT
SEPT 2017
2. Blockchain Trends 2017
2
1. Introduction to Blockchain
1.1 Payment Example
1.2 Asset Registry Example
1.3 Smart Contract Example
1.4 New Internet 3.0
1.5 New Age of Blockchain
1.6 Putting the World’s Money into Perspective
1.7 Market Potential
1.8 Growth Fueled by Cost Savings
3
4
5
6
7
8
9
10
11
2. Industry Trends
2.1 Industry Trends- Banking
2.2 Industry Trends- Financial Services
2.3 Industry Trends- Cryptocurrency Trading, Wallets and
Exchanges
2.4 Industry Trends- Merchant Services
2.5 Industry Trends- Crowdfunding/ ICO
2.6 Industry Trends- Supply Chain Management
2.7 Industry Trends- IOT
2.8 Industry Trends- Insurance
2.9 Industry Trends- P2p Lending/ Marketplaces
2.10 Industry Trends- Other Blockchain Application Examples
12
13
14
15
16
17
18
19
20
21
22
3. Blockchain Startups Funding History
3.1 Blockchain Startups Funding by Category
3.2 Blockchain Startups Funding Event Count
3.3 923 Blockchain Companies with Total $2.2B Funding
3.4 Top 10 VC- Backed Blockchain Startups
3.5 Top 5 ICO-Backed Blockchain Startups
23
24
25
26
27
28
4. Potential Risks and Regulations
4.1 International Views Towards Cryptocurrencies
4.2 Timeline of Key Events from Regulators
4.3 China PBOC Declares ICO Illegal
4.4 China’s Top Exchanges Suspend Trading
4.5 China Pushes to Explore Blockchain
4.6 USA GSA Ramps up Blockchain Exploration
4.7 Russian Bank Announces Opening of Blockchain Research
Center
4.8 Regulations are Necessary to Foster Long Term Adoption
29
29
30
31
32
33
34
35
36
5. MindWorks Paradigm Fund Focus
5.1 Our Ethos
5.2 MindWorks Investment Parameters
5.3 MindWorks Investment Focus
37
37
38
39
3. A distributed database where information is public and verifiable
Traditional ledgers are centralized
and use intermediaries to
approve/record transactions
Blockchain distributes ledger across
network - no central authority is required
1. Introduction to Blockchain
3
4. 1.1 Payment Example
In order for a transaction
to occur, there must be a
digital wallet to send and
receive currencies. Each
user with a wallet is able
to initiate transactions.
Because many
transactions occur in the
network simultaneously,
these pending
transactions are grouped
into a block. Each block is
unique and it references to
the previous block.
Miners compete to verify
each transaction. Each
verification is done through
solving complex
cryptographic problems.
Once the block is verified
and added to the
blockchain, the transaction
is complete and ownership
of tokens have changed.
The miner who verified the
block receives some of the
cryptocurrency token as a
prize, as payment for the
work.
4
1.1 Payment Example
5. Tokens on the blockchain
can digitally represent an
asset’s intrinsic value. The
value of a token correlates to
a commitment made by the
asset issuer. These tokens
are mostly used with digital
assets e.g. a document.
The document itself is not stored on
the blockchain. Instead, the token that
contains information regarding the
ownership of the document is stored
on the blockchain. Everyone on the
network then agrees on the ownership
of the token when it is placed on the
blockchain.
To change ownership the
ownership of the
document, only the token
can be sold or exchanged.
Consequently, the
ownership information is
updated once the
transaction of the token is
verified.
5
1.2 Asset Registry Example
6. Smart contracts are
lines of code in a
blockchain that
perform actions
depending on specific
inputs. This allows
contracts to be
automated between
two parties.
For example, an option
contract between two
parties can be written as
code on the blockchain.
They can remain
anonymous but the contact
is the public ledger.
A triggering event like
an expiration date or
strike price occurs and
the contract executes
itself according to the
coded terms.
6
1.3 Smart Contract Example
7. “This is it. This is the thing we’ve been waiting for. The distributed trust network the internet
always needed and never had.”
Marc Andreessen
The Internet of Information The Internet of Assets
1.4 New Internet 3.0
7
1.4 New Internet 3.0
8. Creates a true
sharing
economy
Eliminates the
remittance rip-
off
Enables citizens
to own and
monetize their
data & protect
privacy
Protects rights
through
immutable
records
Ensures
compensation
for the creators
of value
1.5 New Age of Blockchain
8
1.5 New Age of Blockchain
9. Image Source: howmuch.net
1.6 Putting the World’s Money into Perspective
9
1.6 Putting the World’s Money into Perspective
10. Revenue Created through Blockchain
Technology
2016 2021
$210.2m
$2.3 billion
Source: Research and Markets (“Blockchain Market”)
$45 billion
2027
Mainly driven by:
➢ more seamless
payment processes
➢ more secure digital
identities
1.7 Market Potential
10
1.7 Market Potential
11. 1. Banking, financial services, and insurance sector predicted to dominate the market
2. Media and entertainment vertical is expected to have highest growth rate
3. Healthcare and life sciences vertical will also show considerable growth
Santander estimates that over $20 billion in costs can be saved annually by 2022 through the
usage of blockchain technology as it:
• bypasses current rigid, redundant legacy frameworks
• reduces administrative costs
• streamlines processes to increase industry-wide operational efficiency
1.8 Growth Fuelled by Cost Savings
11
Source: The Fintech Paper 2.0: Rebooting Financial Services
1.8 Growth Fueled by Cost Savings
12. U.K. research firm Juniper Research:
➢ 57% of world's big corporations
(over 20,000 employees)
consider to adopt blockchain
technology
➢ Two thirds of 400 surveyed
companies will integrated
blockchain technology into
their systems by the end of
2018
2. Industry Trends
Startups Large Scale
Pioneers Disruptors
Average Funding
AverageAge
Bitcoin Mining
Bitcoin Trust &
Verification
Crypto Services
Crypto Wallets
Crypto
Payments
Crypto Exchanges
Blockchain
Innovation
Crypto
Infrastructure
Financial
Services
Crypto News
& Data
Crypto
Gambling
Data source from venture scanner 12
13. Banks that are working on blockchain projects
The World Economic Forum estimates:
➢ 80% of banks are exploring blockchain opportunities
IBM study 2017:
➢ 15% of 200 surveyed global banks will implement blockchain technology by 2017
➢ 91% of banks are investing in blockchain for deposit-taking
Accenture Report 2017, banks that utilise blockchain technology could:
➢ reduce 30% banking infrastructure costs
➢ save $8-12 billion annually
2.1 Industry Trends - Banking
13
2.1 Industry Trends - Banking
14. ➢ Address problems of fraud, clearance, data
management, and settlement etc in financial
institutions
2.2 Industry Trends - Financial Services
● Offer a global real-time
payment system that
enables banks and financial
institutions to directly
transact with each other
without the need for a
central correspondent
● Raised $93.6M
● Provider of blockchain
technologies, on the forefront
of work in cryptography and
distributed systems
● Solve problems that
undermine trust in today's
financial systems
● Raised $126M
14
2.2 Industry Trends - Financial Services
15. In total of 868 cryptocurrencies with a combined market cap of
US$150B as of Sept 12, 2017 (CoinMarketCap.com)
➢ Real time processing of payment with very low fees
➢ Maintain audit trail
➢ High security and prevent fraud
Data source from
coinmarketcap.com
2.3 Industry Trends - Cryptocurrency Trading, Wallets and Exchanges
● Digital currency wallet
service that allows traders
to buy and sell digital
currency
● Raised $217.21M
● Digital currency wallet
and platform where
merchants and
consumers can transact
with new digital
currencies
● Raised $136M
15
2.3 Industry Trends – Cryptocurrency, Wallets and Exchanges
16. Cryptocurrency and blockchain solutions for
merchants and sellers
Eliminate intermediary financial institutions
Reduce chargebacks and increase profit margins
● Offer solutions for SMEs
to send and receive
payments
● Eliminate need for
intermediary banks with
blockchain
● Raised $ 44.25M
● Offer an enterprise-grade,
multi-sig, multi-user Bitcoin
wallet, as well as API access
to its underlying security
platform
● Raised $ 12M
2.4 Industry Trends - Merchant Services
● Blockchain payment
service provider
● 3000 merchants will
be able to accept
bitcoin through its
partnership with POS
● Raised $4M
● Offer fraudless
worldwide
payment
processing to
businesses
● Raised $8 M
16
2.4 Industry Trends – Merchant Services
17. ICO:
• Trust is created through smart contracts
• Eliminate middlemen
• Raise fund with shorter time frame and lower fee
• Release own tokens that can be exchanged for
products, services or cash
• Pace of ICO fundraising surpassed angel & seed VC
funding
Coindesk data:
• $1.366 billion was raised in ICOs in 2017
• $295 million was raised in ICOs between 2014 and the
end of 2016
2.5 Industry Trends - Crowdfunding/ ICO
Source: CoinSchedule, CB Insights, Goldman Sachs Global Investment Research
17
2.5 Industry Trends – Crowdfunding / ICO
18. Permanent record of transactional histories
No single party could manipulate or change the
items’ history
Transparency of cost of goods
2.6 Industry Trends - Supply Chain Management
● Add greater visibility and
efficiency across the
entire supply chain to
deliver higher value to
your customers and
trading relationships with
IBM Blockchain
18
2.6 Industry Trends – Supply Chain Management
19. Eliminate the need for central location to handle
communication for IOT devices
Devices communicate directly to update software, bugs
and monitor usage
IBM invested $200 M in blockchain- powered IOT
IBM dedicated 2000 employees to blockchain powered
IOT projects
2.7 Industry Trends - IOT
● IBM Watson IoT™
Platform enables IoT
devices to send data
to private blockchain
ledgers for inclusion
in shared transactions
with tamper-resistant
records
● Secure smart home
IoT ecosystems by
storing biometric and
authentication data
on a private
blockchain
● Offers an integrated
hardware and software
solution that enables
self-forming wireless
mesh networks over
long-range radio
● Raised $22.37M
● Leverages blockchain
and smart labels to
create an open system
of authenticity,
ownership, provenance
& connectivity for
assets
● Raised $4.83M
19
2.7 Industry Trends – IOT
20. Mitigate the lemons problem
Verify many types of data in insurance contracts such
as the authenticity of customers, policies and
transactions etc
More data can be collected via IoT to develop more
accurate actuarial models
Provide usage based insurance
2.8 Industry Trends - Insurance
● Insurance products on a
scalable blockchain platform
that enables high bandwidth
transacting, smart contracts,
and decentralized oracles
● Raised 24.33 M in ICO
● Specialising in property and
casualty insurance
● Blockchain-based smart
contracts are met
● Raised 60 M in 4 rounds
20
2.8 Industry Trends – Insurance
21. Allow both parties to arrange terms and
condition without third party providers
Very low or zero fees
Transaction data will not be owned by any
third party provider
2.9 Industry Trends - P2p Lending / Marketplaces
● P2p lending using bitcoin
● $13M volume, 15,000
loans serviced
● Raised $9.2M
● A free online marketplace
to buy and sell goods /
services using Bitcoin.
● P2p e commerce platform
with no fees or restrictions.
● Raised 4.2 M in 3 rounds
21
2.9 Industry Trends – P2p Lending / Marketplaces
22. Real Estate
• Reduces the need for paper-based record keeping
• Assists in the tracking and verifying ownership of property, ensuring the accuracy of property
deeds and documents
Music
• Musicians are able to be paid directly from fans without splitting revenue with distributors
• Smart contracts prevent licensing issues and enables creators to catalog their own songs
Cloud Storage
• Open source blockchains can break up, encrypt and distribute files among many different nodes in
a network
Ride Sharing
• Smart contracts allow car owners and passengers to arrange terms and condition securely without
any third party provider
2.7 Real Estate2.10 Other Blockchain Application Examples
22
2.10 Other Blockchain Application Examples
24. The blockchain innovations category accounts for 33% of venture funding and 17% of total
companies in the blockchain technology sector
Data source from venture scanner
3.1 Blockchain Startups Funding by Category
24
25. Data source from venture scanner
25
3.2 Blockchain Startups Funding Event Count
26. Crypto Exchanges Bitcoin Mining Crypto Wallets
Crypto Payments Bitcoin Infrastructure Blockchain Innovation
Big DataTrust
Bitcoin Financial Services
Financial Services
GamblingNews
3.3 923 Blockchain Companies with Total $2.2 B Funding
26
3.3 923 Blockchain Companies with Total $2.2 B Funding
27. 3.4 Top 10 VC-Backed Blockchain Startups
Company Industry Total Funding ($M)
1. Coinbase Wallets & Crypto Trading & Exchange 217.2
2. Circle Wallets & Crypto Trading & Exchange 136
3. Blockstream Blockchain Infrastructure 126
4. 21 Inc IOT 121
5. Ripple Financial Services 96
6. Bitfury Blockchain Infrastructure 90
7. Blockchain Wallets & Crypto Trading & Exchange 70
8. Digital Asset Financial Services 67
9. Veem Merchant Services 44
10. Chain Financial Services 43
As of Sep 2017
27
3.4 Top 10 VC-Backed Blockchain Startups
28. 3.4 Top 10 VC-Backed Blockchain Startups
As of Sep 2017
28
3.5 Top 5 ICO-Backed Blockchain Startups
Company Industry Total Funding ($M)
1. Filecoin Blockchain p2p 257
2.Tezos Blockchain Infrastructure 232
3. Bancor Crypto Trading & Exchange 153
4. The DAO Blockchain Infrastructure 152
5. Status Blockchain Innovation 108
29. Supportive:
have initiatives that
support the transactions of
cryptocurrencies
Opposed:
regulatory bodies do not
view cryptocurrencies as
an asset
Uncertain
4.1 International Views Towards Cryptocurrencies
Source: http://36kr.com/p/5092390.html
29
4.1 International Views Towards Cryptocurrencies
30. June 2014
Swiss Federal Council issues
report stating there is no need
for legislative measures
against virtual currencies
November 2016
Japan Exchange Group leads
establishment of the
Japanese blockchain
consortium
June 2016
Singapore government set up
‘Regulatory Sandbox’ which
allows blockchain companies
to experiment with expedited
legal processes
September 2017
Chinese regulatory authorities
ban ICOs, identifying them as
an illegal form of fundraising
amidst fraud claims
May 2017
US Securities and Exchanges
Commission rejects
application of bitcoin
exchange-traded fund
4.2 Timeline of Key Events from Regulators
Source: http://36kr.com/p/5092390.html
30
September 2017
BTC China, one of China’s top
exchanges, suspends trading
following instructions from the
government
4.2 Timeline of Key Events from Regulators
31. National Internet Finance Association of China
Unauthorized by regulators as some of the ICOs are suspected of fraud, illegal equity offerings and
fundraising
“ICO projects have unclear assets, no investor suitability standards and gravely lack information
disclosure and therefore have relatively high risks”
China's Central Bank Declares Initial Coin Offerings Illegal
A total of $1.6 billion has been raised globally via ICOs
China PBOC says all ICOs must be stopped and refunds provided
4.3 China PBOC Declares ICO Illegal
Source: https://www.bloomberg.com/news/articles/2017-09-04/china-central-bank-says-initial-coin-offerings-are-illegal
31
4.3 China PBOC Declares ICO Illegal
32. September 14, 2017
China’s oldest bitcoin exchange, BTC China, states that it will suspend trading for all China-based
customers, causing the value of the cryptocurrency to fall drastically. The move follows pressure
from the Chinese government and regulatory bodies in a bid to stamp out potential financial risk.
32
4.4 China’s Top Exchanges Suspend Trading
Source: https://www.reuters.com/article/us-china-bitcoin-btcc/bitcoin-exchange-btcchina-says-to-stop-trading-sparking-further-slide-idUSKCN1BP1J8
4.4 China’s Top Exchanges Suspend Trading
33. Essential Stakeholders
Government
• People’s Bank of China vows to push for blockchain technology in the Five Year Plan
Regulators
• China Banking Regulatory Commission plans to implement rules for blockchain in finance sector
• People’s Bank of China will provide specific regulatory framework for Ethereum industry
4.5 China Pushes to Explore Blockchain
Source: http://www.gov.cn/xinwen/2017-06/27/content_5205951.htm
33
4.5 China Pushes to Explore Blockchain
34. United States General Services Administration’s Emerging Citizen Technology program launched
the U.S. Federal Blockchain program for federal agencies and U.S. businesses who are interested in
exploring distributed ledger technology and its implementation within government.
4.6 USA GSA Ramps Up Blockchain Exploration
Source: https://www.gsa.gov/portal/content/168102
34
4.6 USA GSA Ramps Up Blockchain Exploration
35. State owned Vnesheconombank launches research center as Russia continues
its push into blockchain technology.
4.7 Russian Bank Announces Opening of Blockchain Research Center
Source: https://www.financemagnates.com/cryptocurrency/news/russian-bank-announces-opening-blockchain-research-center/
35
4.7 Russian Bank Announces Opening of Blockchain Research Center
36. • Blockchain technology and marketplace lending could present risks to financial stability
• Risks may not emerge until blockchain solutions are deployed at scale
• Unregulated blockchain systems may be vulnerable to fraud through collusion
• Blockchain-based systems may operate over multiple regulatory jurisdictions or national
boundaries
In the next few years, there will be more coordination between companies and regulators to
ensure safe and reliable adoption of blockchain technologies
Almost all countries are working to improve certification behind cryptocurrencies as the
collective attitude towards blockchain adoption is positive
36
4.8 Regulations are Necessary to Foster Long Term Adoption
37. We believe:
• Amidst regulatory uncertainty, the adoption of blockchain technology will become ubiquitous
• The adoption of blockchain will disrupt several industries
5.1 Our Ethos
37
38. Focus on all three layers of
blockchain
5.2 MindWorks Investment Parameters
Source: World Economic Forum
38
5.2 MindWorks Investment Parameters
39. Targeting industries that:
• are built on legacy systems
• exhibit high potential for widespread
disruption
• will be incentivized to adopt due to cost
savings
• are aligned with government and
regulatory goals
• have processes reliant on B2B SaaS
models
Banking & Payments
Cryptocurrency Trading,
Wallets and Exchanges
Merchant Services
Insurance
39
5.3 MindWorks Investment Focus
40. Thank You
David Chang
Managing Partner
40
Joe Chan
Partner
Wayne Chu
Principal
Cassidy Wong
Associate
cassidy@mindworks.vc
Jeffrey Wu
Associate
jeff@mindworks.vc
Disclaimer: MindWorks Ventures has made every attempt to ensure the accuracy and reliability of the information provided in this report. However, the information is provided "as is" without warranty of any kind. MindWorks Ventures does not
accept any responsibility or liability for the accuracy, content, completeness, legality, or reliability of the information contained in this report. No warranties, promises and/or representations of any kind, expressed or implied, are given as to the
nature, standard, accuracy or otherwise of the information provided in this report nor to the suitability or otherwise of the information to your particular circumstances. We shall not be liable for any loss or damage of whatever nature (direct,
indirect, consequential, or other) whether arising in contract, tort or otherwise, which may arise as a result of your use of (or inability to use) this report, or from your use of (or failure to use) the information in this report.
http://www.eetimes.com/author.asp?doc_id=1331571
With blockchain technology transaction can be documented in a permanent decentralized record and monitored securely and transparently
This can greatly reduce time delays and human mistakes, it can also be used to monitor costs, labour, and even waste emissions at every point in the supply chain, this has serious implications for understanding and controlling the real environmental impact of products,
Blockchain can also be used to verify the authenticity or fair trade status of products by tracking them from the origin, some blockchain startups working in this sector are providence, fluent, SKU chain and block verify
Chainachor
high-powered block miner replaces the usual internet router or media center to manage all local network transactions
https://www.postscapes.com/blockchains-and-the-internet-of-things/
https://www.networkworld.com/article/3200029/internet-of-things/why-blockchain-is-the-future-of-iot.html
In the future:
Blockchain will permit the monetization of data, whereby IoT device owners can sell data generated from IoT sensors for digital currency. The potential here is to facilitate investments into renewable energy sources, whereby energy produced by IoT equipment generates income in the form of cryptocurrency that is registered on the blockchain.
Amidst regulatory uncertainty, the MindWorks Paradigm Fund will still focus on investing in emerging companies conducive to the blockchain ecosystem as we strongly believe the technology will become ubiquitous. As such, MindWorks will closely monitor and coordinate with regulatory bodies to ensure these technologies will be safely adopted. The Fund will look to invest in companies that will be able to leverage blockchain to redefine entire industries. Currently, we see banking, payments, and supply chain management as markets that have the largest potential for rapid blockchain adoption.