Blockchain Business Opportunities Overview
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Keynote presentation at the HUBB Conference. Adj Prof Mascarella clarifies terms, mechanisms and what is the roadmap to use innovation for new business.
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Blockchain Business Opportunities Overview
- 1. Business Opportunities Overview By Adj. Prof. Giuseppe Mascarella giuseppe@valueamplify.com AGENDA 1. What are Blockchain and BitCoin? 2. What are the key scenarios? 3. How do you build a roadmap? BLOCKCHAIN AND BITCOIN Value Amplify Consulting Confidential
- 2. 1. What is blockchain? ValueAmplify Consulting Confidential
- 3. ValueAmplify Consulting Confidential The term Bitcoin is used to refer to 3 things: The underlying technology concept/platform The protocol for using this technology platform to move value between peers The currency (BTC) for transactions using this protocol The term Blockchain is used The underlying technology platform What Problem Are We Addressing? Global Peer-To-Peer Trust! What is a Smart Contract? The scripting system, instead of just sending currency, send contracts, smart property; requires Turing completeness What is BitCoin? Example: House Ledger Even if 30% of title have errors, it is better than peer managed
- 4. Blockchain is a type of distributed ledger in which value exchange transactions (in bitcoin or other token) are sequentially grouped into blocks. Each block is chained to the previous block and immutably recorded across a peer-to-peer network, using cryptographic trust and assurance mechanisms. Depending on the implementation, transactions can include programmable behavior. Source: Gartner IT Glossary http://www.gartner.com/it-glossary/blockchain/ merging Technologies http://www.gartner.com/newsroom/id/3412017 “ ” What is blockchain? In business terms: Disintermediating accountants, auditors, lawyers, public notary, banks, etc with an army of fast robots checking up on each others' work to secure compliance. Key aspect: It provides a peer-to-peer technology through which a transaction of value can be done in a secure manner, without the need of a third party (i.e. a bank, a notary)
- 5. Blockchain explorer allows viewing of latest transactions posting to the Ledger 5 https://blockchain.info/
- 7. ValueAmplify Consulting Confidential https://www.youtube.com/watch?v=8s6JMmGJ-dY&feature=youtu.be
- 8. 2. What Are The Key Scenarios? ValueAmplify Consulting Confidential
- 9. If You have P2P Trust Decentralized transaction ledger could be used to encode and confirm/transfer all property • Financial • Currency, Stock, Private Equity, Bonds, Derivatives, Crowdfunding • Public Records • Land Titles, Vehicle Registries, Business Licenses, Passports, Voter IDs, Death Certificates, Proof of Insurance • Private Records • Contracts, Signatures, Wills, Trusts, Escrows • Physical Asset Keys • Home, Hotel Rooms, Rental Cars, Car Keys • Intangibles: Patents, Trademarks, Reservations, Domain Names 9 http://ledracapital.com/blog/2014/3/11/bitcoin-series-24-the-mega-master- blockchain-list
- 10. Blockchain Scenarios for all IndustriesAsset Titles Diamonds Designer brands Car leasing & sales Home Mortgages & payments Land title ownership Digital asset records Government Voting Vehicle registration WIC, Vet, SS, benefits, distribution Licensing & identification Copyrights Identity Personal Objects Families of objects Digital assets Multifactor Auth Refugee tracking Education & badging Purchase & review tracking Employer & Employee reviews Media Digital rights mgmt. Game monetization Art authentication Purchase & usage monitoring Ticket purchases Fan tracking Ad click fraud reduction Resell of authentic assets Real time auction & ad placements Computer Science Micronization of work (pay for algorithms, tweets, ad clicks, etc.) Expanse of marketplace Disbursement of work Direct to developer payments API platform plays Notarization & certification P2P storage & compute sharing DNS Medical Records sharing Prescription sharing Compliance Personalized medicine DNA sequencing IoT Device to Device payments Device directories Operations (e.g. water flow) Grid monitoring Smart home & office management Cross-company maintenance markets Payments Micropayments (apps, 402) B2B international remittance Tax filing & collection Rethinking wallets & banks Consumer Digital rewards Uber, AirBNB, Apple Pay P2P selling, craigslist Cross company, brand, loyalty tracking Supply Chain Dynamic ag commodities pricing Real time auction for supply delivery Pharmaceutical tracking & purity Agricultural food authentication Shipping & logistics management Financial Trade Finance Deal origination POs for new securities Equities Fixed income Derivatives trading Total Return Swaps (TRS) 2nd generation derivatives The race to a zero middle office Collateral management Settlements Global Payments Transferring of value Know your client (KYC) Anti money laundering Client and product reference data. Crowd Funding Peer-to-peer lending Compliance reporting Trade reporting & risk visualizations Betting & prediction markets Insurance Claim filings MBS/Property payments Claims processing & admin Fraud prediction Telematics & ratings ValueAmplify Consulting ConfidentialSource Microsoft
- 11. Scenario: Perishable Food Compliance FDA, Fair-Trade, Quality, Trade-Finance, Insurance, etc E IIE Trade (Export/Import) Factory to Distributor Retail to ConsumerFarmer to Buyer Fair Trade Certification Fair Trade Certification IoT Tracking temperature and humidity Trade Finance ValueAmplify Consulting Confidential
- 12. And Compliance ValueAmplify Consulting ConfidentialSource Microsoft
- 13. How do you build a roadmap? ValueAmplify Consulting Confidential
- 14. BlockChain Maturity Model • Multiple, well defined scenarios • Multiple years of Blockchain experience • Operations and support processes well defined • Seeking early access and technical guidance for platform features • Target scenario well defined • Some Blockchain experience • Operations and support processes may be defined • Seeking help with a Production Pilot • Potential scenario(s) identified • Limited Blockchain experience • Operations and support processes not defined • Seeking help with a Minimal Viable Product (MVP) Pilot • Scenarios not identified • No Blockchain experience • Operations and support processes not defined • Seeking education and strategy for business and IT Contact giuseppe@valueamplify.comSource Microsoft
- 16. The Audit Capability With BlockChain • BlockChain based ML will provide Asset expected eprmance, OEE, use and payment in grid • Operations and support processes well defined • Seeking early access and technical guidance for platform features ) • Multiple BlockChain writers, Proof of Stake, Trust in Writers • Operations and support processes may be defined • Seeking help with a Production Pilot • Limited Blockchain use: ID and attributes • Operations and support processes not defined • Seeking help with a Minimal Viable Product (MVP) Pilot • No Blockchain leverage brainstorming • Operations and support processes not defined • Seeking education and strategy for business and IT Contact giuseppe@valueamplify.com
- 17. Business Opportunities Overview By Adj. Prof. Giuseppe Mascarella giuseppe@valueamplify.com AGENDA 1. What is Blockchain? 2. What are the key scenarios? 3. How do you build a roadmap? BLOCKCHAIN Value Amplify Consulting Confidential
- 18. Welcome to: BlockChain and BitCoin Community of Expertise AGENDA 1. BlockChain and Bitcoin Business Opportunities by Prof Giuseppe Mascarella 2. Blockchain Business Design Concepts by Tim Myers, BlockChain Architect 3. ICOs presentations 1-Rob Scott, COO at ICO WWW.SLVRMINE.COM 2-Saul Hudson from www.maecenas.co 4. Legal issues related to ICOs and Token Sales by Andrew Hinkes, Esq., Berger Law. ValueAmplify Consulting Confidentialhttp://meetu.ps/3cLF9t
- 19. Appendix: Technology ValueAmplify Consulting Confidential
- 20. Architecture | Services and Assets Used in the CryptletFX Framework Source Microsoft
Editor's Notes
- Blockchain, also referred to as distributed ledger, has captured the interest of business leaders, governments, academics and tech providers across the globe. The potential impact of blockchain is significant across all sectors/industries – from banking to government to healthcare and beyond. We think blockchain has the potential to be as significant as the internet, cloud computing, or mobile paradigms by enabling our customers to simplify and transform their current processes. The term “other token” refers to any asset with a digital representation such media, copyright, currently, credits, mileage, votes, etc. Blockchain as a Distributed Ledger has four advantages, Security – everything in the Blockchain is encrypted with digital signing. Shared – The real benefits of Blockchain (over conventional technology) are achieved when we use it to link organisations to share information on a distributed ledger. Distributed – a Blockchain can be distributed across multiple organisations and becomes more secure as replicas are added. Ledger – Every transaction written into the ledger once and cannot be changed after the fact. This has great advantages to the financial services industry because we have an auditable trace of every transaction. The compliance overheads for Financial Services have escalated since the financial crash and this feature of the technology has huge benefits for compliance teams and financial regulators In 2016, Gartner has included Blockchain in their Hype Cycle for Emerging Technologies.
- Globally, Blockchain bring many potential benefits across multiple industries An advanced use case example of this is Financing for Supply Chain where banks work with a customer to optimise the supply of finance into their supply chain. This could enabled using a Smart Contract/Blockchain solution across the Bank, Manufacturer, and their suppliers.