Governance in the Blockchain Economy: A Framework and Research Agenda. Roman...eraser Juan José Calderón
ABSTRACT
Blockchain technology is often referred to as a groundbreaking innovation and the harbinger of a new economic era. Blockchains may be capable of engendering a new type of economic system: the blockchain economy. In the blockchain economy, agreed-upon transactions would be enforced autonomously, following rules defined by smart contracts. The blockchain economy would manifest itself in a new form of organizational design—decentralized autonomous organizations (DAO)—which are organizations with governance rules specified in the blockchain. We discuss the blockchain economy along dimensions defined in the IT governance literature: decision rights, accountability, and incentives. Our case study of a DAO illustrates that governance in the blockchain economy may depart radically from established notions of governance. Using the three governance dimensions, we propose a novel IT governance framework and a research agenda for governance in the blockchain economy. We challenge common assumptions in the blockchain discourse, and propose promising information systems research related to these assumptions.
These slides were presented at the International Scientific Conference of Business Economics Management and Marketing (ISCOBEMM 2019), September 5th - 6th 2019 in Prušánky – Nechory, Czech Republic.
A blockchain is a decentralised database that is shared across computer network nodes. A blockchain acts as a database, storing information in a digital format. The study primarily aims to explore how in the future, block chain technology will alter several areas of the Indian economy. The current study aims to obtain a deeper understanding of blockchain technology's idea and implementation in India, as well as the technology's potential as a disruptive financial technological innovation.
Secondary sources such as reports, journals, papers, and websites were used to compile all the data. Current and relevant information were utilised to help understand the research goals. All the information is rationally organised to fulfil the objectives. The current research focuses on recommendations for enhancing India's Blockchain ecosystem so that it may become one of the best in the world at utilising this new technology.
Governance in the Blockchain Economy: A Framework and Research Agenda. Roman...eraser Juan José Calderón
ABSTRACT
Blockchain technology is often referred to as a groundbreaking innovation and the harbinger of a new economic era. Blockchains may be capable of engendering a new type of economic system: the blockchain economy. In the blockchain economy, agreed-upon transactions would be enforced autonomously, following rules defined by smart contracts. The blockchain economy would manifest itself in a new form of organizational design—decentralized autonomous organizations (DAO)—which are organizations with governance rules specified in the blockchain. We discuss the blockchain economy along dimensions defined in the IT governance literature: decision rights, accountability, and incentives. Our case study of a DAO illustrates that governance in the blockchain economy may depart radically from established notions of governance. Using the three governance dimensions, we propose a novel IT governance framework and a research agenda for governance in the blockchain economy. We challenge common assumptions in the blockchain discourse, and propose promising information systems research related to these assumptions.
These slides were presented at the International Scientific Conference of Business Economics Management and Marketing (ISCOBEMM 2019), September 5th - 6th 2019 in Prušánky – Nechory, Czech Republic.
A blockchain is a decentralised database that is shared across computer network nodes. A blockchain acts as a database, storing information in a digital format. The study primarily aims to explore how in the future, block chain technology will alter several areas of the Indian economy. The current study aims to obtain a deeper understanding of blockchain technology's idea and implementation in India, as well as the technology's potential as a disruptive financial technological innovation.
Secondary sources such as reports, journals, papers, and websites were used to compile all the data. Current and relevant information were utilised to help understand the research goals. All the information is rationally organised to fulfil the objectives. The current research focuses on recommendations for enhancing India's Blockchain ecosystem so that it may become one of the best in the world at utilising this new technology.
Potential of blockchain into industry 4.0 TechXpla
MGM’s College of Engineering and Technology (MGMCET) at Kamothe, Navi Mumbai has organized a National Conference on theme of “Industry 4.0”.
Dept. of Electronics & Tele communication Engineering, Mechanical Engineering and Computer Engineering jointly organised this.
This is presentation of Blockchain into Industry 4.0
Software Architecture and Model-driven Engineering for Blockchain ApplicationsIngo Weber
My keynote slides from the Second International Symposium on Foundations and Applications of Blockchain 2019 (FAB '19) and a talk I gave the day before at Google. In this talk, I'm giving an overview of our research in Software Architecture, Model-Driven Engineering, Dependability / Availability, and Business Process Execution in the context of Blockchain. It's a summary of our book: X. Xu, I. Weber, M. Staples, Architecture for Blockchain Applications, Springer 2019
Blockchain applications demand standard testing such as functional performance, integration, and security testing. In addition, testing teams must have these specialized testing capabilities including Smart Contracts testing and Node Testing. know how differently each industry is influencing Blockchain Testing capabilities.
Get in-depth insights on the emergence, growth and future prospects of Blockchain in India. The historical timeline of the Blockchain technology in India. A detailed breakdown of the Blockchain technology and decoding the types of Blockchain currently in use.
Blockchain use cases in 2022 real world industry applicationsArpitGautam20
These are interesting predictions and real-world industry applications of Blockchain Technology that will take the world by storm in 2022! https://arsr.tech/blockchain-use-cases-in-2022-real-world-industry-applications/
Blockchain law and governance: General Conclusion -- Milan, October 2019Tony Lai
Slides for a presentation given by Tony Lai to conclude the conference on Blockchain Law and Governance – Good for All: Towards a Paradigm Shift, at the Università degli Studi di Milano, on October 26th, 2019. https://apps.unimi.it/web/eventi/resources/external/uploaded/3853_555.pdf
When Ostrom Meets Blockchain: Exploring the Potentials of Blockchain for Comm...David Rozas
Presentation at "Validation rules for blockchain research: International workshop on scholarly blockchain research priorities" - Institute for Information Law, University of Amsterdam (Amsterdam, 04/12/2018).
Blockchain and BPM - Reflections on Four Years of Research and ApplicationsIngo Weber
In this keynote, delivered at the Blockchain Forum of BPM 2019, I summarized and reflected on research on BPM and blockchain over the last four years, including model-driven engineering, process execution, and analysis and process mining. I also covered selected use cases and applications, as well as recent insights on adoption. The keynote closed with a discussion of open research questions.
7 Predictions & Future Trends of Blockchain Technology for 2021ArpitGautam20
Know about 7 amazing predictions & future trends of Blockchain Technology in 2021 that can assist Financial Institutions, Government Agencies & Businesses.
Blockchain and Internet of Things: Why a Perfect MatchFabio Antonelli
While blockchain gained a lot of interest particularly in the FinTech domain, it is in the IoT space that most of the advantages brought by blockchain could be exploited. In this talk you will see how blockchain can help in addressing some of the most challenging problems of IoT such as scalability, security, data privacy and why the decentralised nature of blockchain perfectly matches with the intrinsic distributed and decentralised nature of IoT.
You can choose the Blockchain certification course offered by Blockchain Council. These online certification programs are a great way to ensure that you become a part of the ever-changing and growing technologies.
Blockchain can be used across the whole manufacturing industry to address all different types of projects and stakeholders. Its value to the manufacturing vertical is promising as Industry 4.0 continues to grow.
Blockchain 101 talks about blockchain from a very basic perspective (non-technical). This presentation gives you an idea of what blockchain really is beyond cryptocurrency, different types of the blockchain, components of a blockchain, essentials of the blockchain, and myths about blockchain. this presentation also throws light on major applications of the blockchain , its advantages and limitations, major consortiums and startups in this space and the timeline of development. we also tried to include how a use case for blockchain can be identified and how startups need to go about building a blockchain product or services
This presentation was developed by Jithin Babu and Sakshi Manthanwar. Both of them are blockchain researchers and consultants.
For more info regarding presentation kindly contact
jithinbabu555@yahoo.com
Potential of blockchain into industry 4.0 TechXpla
MGM’s College of Engineering and Technology (MGMCET) at Kamothe, Navi Mumbai has organized a National Conference on theme of “Industry 4.0”.
Dept. of Electronics & Tele communication Engineering, Mechanical Engineering and Computer Engineering jointly organised this.
This is presentation of Blockchain into Industry 4.0
Software Architecture and Model-driven Engineering for Blockchain ApplicationsIngo Weber
My keynote slides from the Second International Symposium on Foundations and Applications of Blockchain 2019 (FAB '19) and a talk I gave the day before at Google. In this talk, I'm giving an overview of our research in Software Architecture, Model-Driven Engineering, Dependability / Availability, and Business Process Execution in the context of Blockchain. It's a summary of our book: X. Xu, I. Weber, M. Staples, Architecture for Blockchain Applications, Springer 2019
Blockchain applications demand standard testing such as functional performance, integration, and security testing. In addition, testing teams must have these specialized testing capabilities including Smart Contracts testing and Node Testing. know how differently each industry is influencing Blockchain Testing capabilities.
Get in-depth insights on the emergence, growth and future prospects of Blockchain in India. The historical timeline of the Blockchain technology in India. A detailed breakdown of the Blockchain technology and decoding the types of Blockchain currently in use.
Blockchain use cases in 2022 real world industry applicationsArpitGautam20
These are interesting predictions and real-world industry applications of Blockchain Technology that will take the world by storm in 2022! https://arsr.tech/blockchain-use-cases-in-2022-real-world-industry-applications/
Blockchain law and governance: General Conclusion -- Milan, October 2019Tony Lai
Slides for a presentation given by Tony Lai to conclude the conference on Blockchain Law and Governance – Good for All: Towards a Paradigm Shift, at the Università degli Studi di Milano, on October 26th, 2019. https://apps.unimi.it/web/eventi/resources/external/uploaded/3853_555.pdf
When Ostrom Meets Blockchain: Exploring the Potentials of Blockchain for Comm...David Rozas
Presentation at "Validation rules for blockchain research: International workshop on scholarly blockchain research priorities" - Institute for Information Law, University of Amsterdam (Amsterdam, 04/12/2018).
Blockchain and BPM - Reflections on Four Years of Research and ApplicationsIngo Weber
In this keynote, delivered at the Blockchain Forum of BPM 2019, I summarized and reflected on research on BPM and blockchain over the last four years, including model-driven engineering, process execution, and analysis and process mining. I also covered selected use cases and applications, as well as recent insights on adoption. The keynote closed with a discussion of open research questions.
7 Predictions & Future Trends of Blockchain Technology for 2021ArpitGautam20
Know about 7 amazing predictions & future trends of Blockchain Technology in 2021 that can assist Financial Institutions, Government Agencies & Businesses.
Blockchain and Internet of Things: Why a Perfect MatchFabio Antonelli
While blockchain gained a lot of interest particularly in the FinTech domain, it is in the IoT space that most of the advantages brought by blockchain could be exploited. In this talk you will see how blockchain can help in addressing some of the most challenging problems of IoT such as scalability, security, data privacy and why the decentralised nature of blockchain perfectly matches with the intrinsic distributed and decentralised nature of IoT.
You can choose the Blockchain certification course offered by Blockchain Council. These online certification programs are a great way to ensure that you become a part of the ever-changing and growing technologies.
Blockchain can be used across the whole manufacturing industry to address all different types of projects and stakeholders. Its value to the manufacturing vertical is promising as Industry 4.0 continues to grow.
Blockchain 101 talks about blockchain from a very basic perspective (non-technical). This presentation gives you an idea of what blockchain really is beyond cryptocurrency, different types of the blockchain, components of a blockchain, essentials of the blockchain, and myths about blockchain. this presentation also throws light on major applications of the blockchain , its advantages and limitations, major consortiums and startups in this space and the timeline of development. we also tried to include how a use case for blockchain can be identified and how startups need to go about building a blockchain product or services
This presentation was developed by Jithin Babu and Sakshi Manthanwar. Both of them are blockchain researchers and consultants.
For more info regarding presentation kindly contact
jithinbabu555@yahoo.com
This thought leadership is a report detailing how Blockchain can be industrialized in ASEAN and how its potential can be unlocked across organizations.
The report also clearly illustrates the implications of Blockchain, its key developments, how it impacts countries across ASEAN and a five-point test for assessing the fit of Blockchain for specific processes, all serving to provide meaningful insights into the current state of the FinTech industry in the ASEAN region.
"This thought leadership is a report detailing how Blockchain can be industrialized in ASEAN and how its potential can be unlocked across organizations. The report also clearly illustrates the implications of Blockchain, its key developments, how it impacts countries across ASEAN and a five-point test for assessing the fit of Blockchain for specific processes, all serving to provide meaningful insights into the current state of the FinTech industry in the ASEAN region."
This thought leadership is a report detailing how Blockchain can be industrialized in ASEAN and how its potential can be unlocked across organizations.
The report also clearly illustrates the implications of Blockchain, its key developments, how it impacts countries across ASEAN and a five-point test for assessing the fit of Blockchain for specific processes, all serving to provide meaningful insights into the current state of the FinTech industry in the ASEAN region.
PLAGIARISM SCAN REPORT
Date 2020-03-16
Words 865
Characters 5478
Content Checked For Plagiarism
Blockchain Student’s name Institutional affiliation Submission date Introduction Blockchain technology has been art=tracing a lot of oftenest
from many industries. This blockchain has enhanced many developments, unlike any other feed that is associated with the internet. His is
attributed to how individuals and organizations will be functioning (Swan, 2015). .in addition, block chain is said to be going to have changes
to the way the governments are run and how certain aspects in society will apply the I=enforcement of varied transactions. In the past
centuries, trust has been I the hand s of large corporations such as banks s but the development of the Blockchain will create an arena
through which power will be dynamic, and there will be space for new channels for validation of information. Functionality Blockchains are
made up of data sets that are made up of smaller chains of data packages known as blocks. A block is made up of multiple transactions.
Therefore, the Blockchain arises from the addition of new blocks. A complete blockchain is a representation of an entire ledger that has
transaction history. The functionality of the blockchain state that transactions are not automatically added to the leger that is in place. The
application of the general agreement will allow transactions to be stored I a block for a certain amount of time before being transferred to the
ledger. The implication of the Blockchain The Blockchain is a ledger that holds the records of all transactions that have been processed by a
network in addition to allowing the user computer top to give a verification of the operation that has taken place. The distributed ledger system
is vital because, in contrast to the centralized systems, the functionalities of the network persist even if the particular nodes break down.
Therefore, the significant impact that Blockchain has is the fact that trust is no longer an issue of concern. Digital assets can be developed
and managed by the use of a blockchain channel. The Blockchain enables the space for selective transparency and privacy that is attained by
the use of cryptographic technologies. Clarity can bring up the ethics that are associated with a company. (Salah et al. 2019). Advantages of
Blockchain Immutability is the essence by which it refers to the fact that past transactions cannot be altered since multiple copies of the
Blockchain are preserved and taken care of by the general agreement across the networks. Data that is stored you the block cannot be lasted
thereof secure enough The Blockchain enables the idea associated with verifiability whereby anion within the system, can check by
themselves if the rules of the system in place are being adhered to. Thus the information cannot be manipulated. The information sobered
within the block can be accessed even if the peers go or l.
PLAGIARISM SCAN REPORT
Date 2020-03-16
Words 865
Characters 5478
Content Checked For Plagiarism
Blockchain Student’s name Institutional affiliation Submission date Introduction Blockchain technology has been art=tracing a lot of oftenest
from many industries. This blockchain has enhanced many developments, unlike any other feed that is associated with the internet. His is
attributed to how individuals and organizations will be functioning (Swan, 2015). .in addition, block chain is said to be going to have changes
to the way the governments are run and how certain aspects in society will apply the I=enforcement of varied transactions. In the past
centuries, trust has been I the hand s of large corporations such as banks s but the development of the Blockchain will create an arena
through which power will be dynamic, and there will be space for new channels for validation of information. Functionality Blockchains are
made up of data sets that are made up of smaller chains of data packages known as blocks. A block is made up of multiple transactions.
Therefore, the Blockchain arises from the addition of new blocks. A complete blockchain is a representation of an entire ledger that has
transaction history. The functionality of the blockchain state that transactions are not automatically added to the leger that is in place. The
application of the general agreement will allow transactions to be stored I a block for a certain amount of time before being transferred to the
ledger. The implication of the Blockchain The Blockchain is a ledger that holds the records of all transactions that have been processed by a
network in addition to allowing the user computer top to give a verification of the operation that has taken place. The distributed ledger system
is vital because, in contrast to the centralized systems, the functionalities of the network persist even if the particular nodes break down.
Therefore, the significant impact that Blockchain has is the fact that trust is no longer an issue of concern. Digital assets can be developed
and managed by the use of a blockchain channel. The Blockchain enables the space for selective transparency and privacy that is attained by
the use of cryptographic technologies. Clarity can bring up the ethics that are associated with a company. (Salah et al. 2019). Advantages of
Blockchain Immutability is the essence by which it refers to the fact that past transactions cannot be altered since multiple copies of the
Blockchain are preserved and taken care of by the general agreement across the networks. Data that is stored you the block cannot be lasted
thereof secure enough The Blockchain enables the idea associated with verifiability whereby anion within the system, can check by
themselves if the rules of the system in place are being adhered to. Thus the information cannot be manipulated. The information sobered
within the block can be accessed even if the peers go or l ...
The blockchain is the technology the underpins digital currency (Bitcoin, Litecoin, Ethereum, and the like). The tech allows digital information to be distributed, but not copied. ... You may hear it described as a “digital ledger” stored in a distributed network.
Blockchain as the Backbone of Digital Supply Chains | Challenges for Supply C...Fluence.sh
The digital supply chain is one of the most popular methods of organization for resources, assets, people, and inventory transfers. But what challenges does supply chain face and how they can be solved with the blockchain technology?
Running head BLOCKCHAIN TECHNOLOGY BEYOND CRYPTOCURRENCY1B.docxtoddr4
Running head: BLOCKCHAIN TECHNOLOGY: BEYOND CRYPTOCURRENCY
1
BLOCKCHAIN TECHNOLOGY: BEYOND CRYPTOCURRENCY
7
Block-chain Technology: Beyond Crypto-currency
Christophe Bassono
University of Nebraska Omaha
CYBR-4360-860-Foundation of IA
Assignment: Semester Project Presentation
Block-chain Technology: Beyond the Crypto-currency
Contents
Contents
2
Abstract
3
Introduction
3
Fundamentals of Block-chain Technology
4
Application of Block-chain Beyond Crypto-currency
5
Future of Block-chain
8
Conclusion
8
Abstract
Block-chain is relatively new; therefore, a representative research sample is presented that spans over the last couple of years from the earlier literature addressing the field. The different usage types of Block-chain, as well as the digital ledger methods, applications, challenges privacy, and security issues, are examined. The technology constitutes two distinct components including block and transaction. Block refers to the collection of data, transaction recording, as well as other related details such as the creation of timestamp, correct sequence, et cetera. Blockchain which is the digital technology fundamental for crypto-currency has managed to bring forth a novel revolution through the provision of a mechanism that can be used for peer-to-peer transactions (P2P). The blockchain is a globally accepted ledger that is capable of achieving numerous new applications beyond transaction verification. Bitcoin that is progressively gaining awareness around the world is a vital example of Blockchain in practice. The block-chain technology is still at the stage of building up and is expected to be full-blown in the next few years. Introduction
The predominant goal of this proposal is to outline the literature on the functionality of Block-chain and other techniques of the digital ledger in several different spheres of influence beyond its use to crypto-currency and to come up with an appropriate conclusion. The technology of block-chain is relatively new; therefore, a representative research sample is presented that spans over the last couple of years from the earlier literature addressing the field. The different usage types of Block-chain, as well as the digital ledger methods, applications, challenges privacy, and security issues, are examined. However, the main focus of this proposal is to determine the most auspicious for future application of Block-chain beyond crypto-currency.
Block-chain is the technology that facilitates the system of Bitcoin crypto-currency, which is also regarded to be important in the formation of the backbone that guarantees privacy and security of several applications in different areas such as the eco-system of the Internet of Things. The block-chain technology has also been successfully applied in the industrial and the educational sectors (Pilkington, 2016). A Proof-of-Work, which is a mathematical challenge, guarantees the security of the chain-block by maintaining the transactions of the digital le.
Evaluating the potential of blockchain technology to radically transform business
[Feel free to download the presentation if you'd like to view it offline]
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.
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.
Blockchain Beyond the Hype. A Practical Framework for Business Leaders. This common sense and practical framework is designed
to assist executives in understanding whether blockchain
is an appropriate and helpful tool for their business needs.
It starts from the premise that blockchain is merely a
technology – much like many others that are already used
in society – and like other technologies it is as much about
change management and careful attention to the economics
and business models of industries and companies involved
as it is about technology evangelism. For any organization,
blockchain technology should not be a goal in itself but a
tool deployed to achieve specific purposes.
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.
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.
Similar to Feasibilities Study Asia for BCCONF PDF (20)
Blockchain, IoT and Smart Cities, What's In It for Automotive Industry?Effendy Zulkifly
How far can we go with Blockchain when it comes to automotive industry? Where are we now in this time of history? Where can we go? Or rather, where do we want to go?
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June 3, 2024 Anti-Semitism Letter Sent to MIT President Kornbluth and MIT Cor...Levi Shapiro
Letter from the Congress of the United States regarding Anti-Semitism sent June 3rd to MIT President Sally Kornbluth, MIT Corp Chair, Mark Gorenberg
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The US House of Representatives is deeply concerned by ongoing and pervasive acts of antisemitic
harassment and intimidation at the Massachusetts Institute of Technology (MIT). Failing to act decisively to ensure a safe learning environment for all students would be a grave dereliction of your responsibilities as President of MIT and Chair of the MIT Corporation.
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Postsecondary education is a unique opportunity for students to learn and have their ideas and beliefs challenged. However, universities receiving hundreds of millions of federal funds annually have denied
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The House of Representatives will not countenance the use of federal funds to indoctrinate students into hateful, antisemitic, anti-American supporters of terrorism. Investigations into campus antisemitism by the Committee on Education and the Workforce and the Committee on Ways and Means have been expanded into a Congress-wide probe across all relevant jurisdictions to address this national crisis. The undersigned Committees will conduct oversight into the use of federal funds at MIT and its learning environment under authorities granted to each Committee.
• The Committee on Education and the Workforce has been investigating your institution since December 7, 2023. The Committee has broad jurisdiction over postsecondary education, including its compliance with Title VI of the Civil Rights Act, campus safety concerns over disruptions to the learning environment, and the awarding of federal student aid under the Higher Education Act.
• The Committee on Oversight and Accountability is investigating the sources of funding and other support flowing to groups espousing pro-Hamas propaganda and engaged in antisemitic harassment and intimidation of students. The Committee on Oversight and Accountability is the principal oversight committee of the US House of Representatives and has broad authority to investigate “any matter” at “any time” under House Rule X.
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Read| The latest issue of The Challenger is here! We are thrilled to announce that our school paper has qualified for the NATIONAL SCHOOLS PRESS CONFERENCE (NSPC) 2024. Thank you for your unwavering support and trust. Dive into the stories that made us stand out!
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Macroeconomics- Movie Location
This will be used as part of your Personal Professional Portfolio once graded.
Objective:
Prepare a presentation or a paper using research, basic comparative analysis, data organization and application of economic information. You will make an informed assessment of an economic climate outside of the United States to accomplish an entertainment industry objective.
1. Feasibilities Study of
Blockchain Ecosystem
in Asia Region
BY EFFENDY ZULKIFLY
CEO, BLOCKCHAIN ACADEMY ASIA
CO-FOUNDER, CRYPTO VALLEY MALAYSIA
2. CONTENTS
1. My Involvement In Blockchain World
2. Government & Corporate Issues
3. Asia Blockchain Ecosystem
4. Malaysia Blockchain Ecosystem
5. Blockchain Use Cases
6. Challenges & Limitations
7. What’s Next!
8. Conclusion
3. SUMMARY
(Key Findings)
• Blockchain embodies the new business value of “trust.”
• IT infrastructure readiness will make or break the future of blockchain
• Collaboration is the basis for blockchain innovation.
• Go slow before you get fast (3 A – Awareness, Adoption & Acceptance).
• A flexible strategy will help overcome security, privacy, scalability and
interoperability challenges.
4. BANKING
ECOSYSTEM
&
BLOCKCHAIN
ADOPTIOn
OCBC Bank is the first Southeast Asian Bank to use a
payment blockchain solution to make local and cross-border interbank
fund transfers between itself and its subsidiaries.
The Hong Kong Monetary Authority and the Monetary
Authority of Singapore plan to launch a project using distributed
ledger technology for trade finance cross-border infrastructure.
The Australian Securities Exchange is considering the use of a
distributed ledger platform to upgrade its settlement system.
BOC Hong Kong (Holdings) Ltd. is planning to use the
technology to improve the efficiency of processing mortgages.
5. BANKING ECOSYSTEM & BLOCKCHAIN
ADOPTION
Saudi Arabia’s Islamic
Development Bank plans to
use blockchain technology to develop
Shariacompliant products, aiming to
support financial inclusion efforts across
its member countries.
The Monetary Authority of
Singapore has completed a proof-
of-concept trial that uses distributed
ledger technology to power domestic
interbank payments, proving that early
adoption is possible in areas with
relatively modest technical, legal and
regulatory demands.
Japan’s megabanks and
SBI Holdings are backing
initiatives on blockchain
technology and applications in the
areas of digital currency,
infrastructure, payment and
transactions.27
7. My Blockchain R&D Journey
R&D Journey :
My involvement in Worldwide FinTech
& Blockchain Events
(Year 2016 & 2017)
North American Bitcoin
Conference, Miami,
Jan 2016
Keynote World Blockchain
Forum, Burj Al Dubai,
March 2017
iFX Expo Asia
Bitcoin Conference,
HK, Feb 2017
10th China Forex Expo
Shenzen China, Oct 2016
Keynote Blockchain
Forum, Brussels,
Nov 2016
Money, Blockchain
Conference, London,
Nov 2016
Singapore Fintech
Festival, Nov 2016
22. Blockchain in the Public Sector
One year ago: 117 Initiatives in 26 Countries
Source: Deloitte analysis in conjunction with the Fletcher School at Tufts University
(March 2017)
23. Blockchain in the Public Sector
Now: 202 Blockchain Initiatives in 45 Countries
Source: OECD analysis of data collected by The Illinois Blockchain Initiative (March 2018)
27. Blockchain in the Public Sector
Potential Use Cases
Use Case Description
Identity Establishing and maintaining identities for citizens and residents (birth
certificates, marriage licenses, visas, death records).
Personal records Interoperable health records, insurance records, etc.
Land title registry Details and historic records related to real estate and property transactions.
Supply chain management,
inventorying
Tracking an asset from its creation, transportation, purchase, and
inventorying.
Benefits, entitlements, and aid Social security, medical benefits payments, domestic and international aid.
Anticipatory/automated payments could be automated through Smart
Contracts.
Contract and vendor management Tracking and paying vendors, managing purchase commitments and
transactions, and monitoring schedule performance. Can allow for perfect
transparency of government expenditures.
Voting Enabling new methods of digital voting, ensuring eligibility, accurate
counting, and auditing (e.g., to avoid ballot-rigging).
Streamlining interagency processes Blockchains and smart contracts can automate transaction handling and
improve information sharing – allows each agency to better focus on their
own mission and tech without as much need to consider others tech.
28. Blockchain in the Public Sector
Project Ubin (Singapore)
Problem:
The Monetary Authority of Singapore (MAS) conducted a study that found that Inter-bank payments within Singapore
and cross-border financial transactions were inefficient and slow.
Solution:
MAS partnered with R3– a consortium of banks and regulators to create a prototype for a Blockchain-based digital
Singaporean dollar to facilitate digital transactions. This would allow for incorruptibility of records through a
decentralised trust system, but also 24 hour processing with no centralised – i.e. human-based – checks required. The
partnership has successfully developed software prototypes of three different models for decentralised inter-bank
payment that are now being explored. MAS has published the source code as open source software on GitHub.
41. Blockchain in the Public Sector
Challenges & Limitations
Blockchain is not a cure-all
01
IMMUTABILITY
A Blockchain is an add-only list. Once data is
added, it can’t be removed. Perhaps not a good
fit when updating/deleting data is a regular
occurrence.
02
DATA STORAGE
Databases are often used to store large amounts
of data (images, docs, apps, etc.). However,
Blockchain is designed for small pockets of data.
If data storage is needed, Blockchain may not be
a good fit, or a hybrid solution may ne needed.
03
TALKING ABOUT BLOCKCHAIN
The act of explaining blockchain to public
officials and civil servants is difficult. De-linking
blockchain from Bitcoin and discussing how it
can improve efficiency and strengthen mission
effectiveness can help.
0 4
COSTS
Higher short-term costs associated with a still-emerging
technology prevent its widespread use. Blockchain-as-
a-service products are starting to be offered that can
allow for experimentation.
0 5
BLOCKERS
People often flag issues such as energy consumption
and scalability as Blockchain blockers. However, many
of these are irrelevant to government Blockchain
implementations (i.e., only apply to Proof of Work
consensus on permissionless/pubic blockchains).
0 6
CODING & GOVERNANCE MODELS
Blockchains are known for eliminating the need for central
authority, but this is not entirely true. They must be coded
and governed by those entrusted with key roles.
Governments must build a technical knowledge base to
ensure these decisions are made well (even if the actual
coding is outsourced).
42.
43. WHAT’S NEXT?
A few things that will need to come first:
1. Harmonized frameworks,
2. Education within industries,
3. Collaboration across industries,
4. Proving more the public benefits.
44. Trainings and Courses
Offline Courses
1. Blockchain 101 : Certificate of Blockchain Fundamentals
2. Blockchain 101 : Crypto Digital Asset Workshop
3. Blockchain Developers Hackathon
4. Smart Contracts Workshop
5. Ethereum: Zero to DAPP Workshop
Online Courses
1. Basic Blockchain Foundations
2. Blockchain Intensive I: Blockchain & Bitcoin
3. Blockchain Intensive II: The Financial Sector
4. Blockchain Intensive III: The Industry
5. The Crypto Trading & Mining Course
45. BLOCKCHAIN 101 : MODULES STRUCTURE
Business Track IT Track
1) CERTIFICATE OF BLOCKCHAIN FUNDAMENTALS (2 DAYS)
3) CERTIFICATE OF BLOCKCHAIN
ADVANCED / EXPERT (4 DAYS)
2) CERTIFICATE OF BLOCKCHAIN
INTERMEDIATE (4 DAYS)
4) USE CASE PAPERWORK SUBMISSION (2 MONTHS)