Blockchain keynote at Verizon Innovation Centre in London discussing the future of finance & fintech.

1. C
Can blockchain be applied to banking today?

2. Why is it important?
Opportunity to:
• Improve existing banking infrastructure
• Reduce systemic risk
• Speed up settlement
• Decrease errors
• Lower costs
• Streamline processes
• Increase competitiveness with fintechs
• Create new business models and revenue opportunities

3. • SECURITY
• CONFIDENTIALITY
• SCALABILITY
• INTEROPERABILITY
What are the challenges to
mainstream adoption?

4. C
The conclusions of the BoC feasibility study of DLT

5. C
The benefits of integration
Integration of other assets on the same ledger as payments could:
• Greatly simplify collateral pledging and asset sales, thereby reducing costs to
participants by integrating back-office systems
• Shorten time for settling trades of some financial assets, such as stocks, bonds
and derivatives
• Lower the costs of reconciliation by validating transactions at the very beginning

6. C
DLT platforms are not there just yet!
Ethereum
• Payments never "fully settled" as there is a small
probability that they could be reversed
• Level of privacy over payments not adequate
Corda
• Not "stress tested”
• Lack of transparency

8. VISIBILITY
TIME
Technology Trigger
Peak of Inflated Expectations
Plateau of Productivity
Slope of Enlightenment
Trough of Disillusionment

9. dean.demellweek@me.com
@deandemellweek