Blockchain for your business- Persuasive presentation

1. Blockchain:
g, Business anThe Potential of Blockchain
Michael Novak
Digital Transformation Partners
21 March 2017
Prashant Saxena
BLOCKCHAIN
FOR YOUR BUSINESS

2. Blockchain:
g, Business anThe Potential of Blockchain
Trust
A foundation of commerce
and government

3. Douglass North
Noble Prize winning economist
“Institutions are a tool to lower
uncertainty so that we can connect
and exchange all kinds of value in
society. And I believe we are now
entering a further and radical
evolution of how we interact and
trade, because for the first time, we
can lower uncertainty not just with
political and economic institutions,
like our banks, our corporations,
our governments, but we can do it
with technology alone.”

4. Informal Rules
Formal Institutions
Online Institutions
Evolution of our business?

5. • Created by “Satoshi Nakamoto” in 2008
• distributed ledger in which value exchange
transactions 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
• online transactions easier and cheaper if parties could transact without
external overseers
• First digital asset
o No backing or "intrinsic value“
o No centralized sovereign issuer or controller
What is Blockchain?Blockchain?

6. BLOCKCHAIN
RESOLVES UNCERTAINITY
IDENTITY MANAGAMENT
ASSET TRACKING
RENEGING ON DEAL

7. • Smart Contracts authored by Nick Szabo (not a pseudonym)
• Built on Ethereum which leverages Blockchain
• “A set of promises, specified in digital form, including protocols
within which the parties perform on these promises.”
• Includes contractual clauses to secure relationships over
public networks and make contract breaches
expensive or prohibited:
o Collateral
o Bonding
o Delineation of property rights
o Others
Smart Contracts

8. Blockchain in Supply Chain
• Enhance security of transactions and
efficiently maintain book-keeping
eliminating the chances of fraud
• Middleman completely avoided and
connect with all the concerned
stakeholders smoothly
• Smart contracts ensure smooth
processing and transportation of goods
• Significantly reduce transaction costs,
human errors and delivery delays

10. Blockchain in Financial Transactions
Decentralized Payment
Network
Payment propagated thru network, validated by Miners.
Becomes immutable and permanent record on public
blockchain ledger
No disclose of financial information
• Merchant receives Bitcoins
• No chargebacks
• Payments are Direct

11. Blockchain for the Government
Estonia e-residency platform built on Blockchain

12. What the
Opponents
are saying?
12
Technology is not
ready for prime
time
The Energy
Consumed is
Unsustainable
Government will
Stifle or Twist It
Blockchain Is a Job
Killer
Distributed
Autonomous
Agents Will Form
“Skynet”
Criminals Will Use
it

13. Blockchain v Regular money

14. 1. Education
2. Launch a pilot - think big, but start small
3. Hire or transition key blockchain IT talent to
get going
4. Start now!
How can a Digital Business Leader get started?

15. Blockchain can drive over $500B in Business Value by 2026
Business Value created due to Blockchain
Early adopters Later adopters$B USD

16. THANK YOU