blockchain - a reality worth checking (sander van loosbroek - cio city)
TRANSCRIPT
BLOCKCHAINA reality worth checking
SANDER VAN LOOSBROEKJUNE 27, 2016
Since 2009
2.518.592autonomous
kilometers
15Collisions
14Not his fault
Venture Capital in fintech companies
653 deals $13.8B
worth
VC investments in blockchain
2013 2014 2015 2016(Q1)
100 M
200 M
300 M
400 M
Domains where the blockchain disrupts financial services
BROKERAGE
TRADING FORMATS
INVESTMENTS
EXCHANGES
MONEY SERVICES
PAYROLL & INSURANCE
FINANCIAL DATA
COMPLIANCE
PAYMENTS
HARD WALLETS
SOFT WALLETS
TRADE FINANCE
ATMs
CAPITAL MARKETS
MICROTRANSACTIONS
What is the blockchain?
Is blockchain a technical innovation?
It’s a mechanism to draw fact-based conclusions
in a auditable way.
www.cegeka.com
“It’s a machineyou can trust.”
How does the blockchain work?
A wants to send value to B
The transaction is broadcasted to every connected party
Every node in the network approves if the transaction is valid
Approved transactions are added to the blockchain
The value goes from A to B
Third parties (with high Fees) required
Blockchain allows direct transfers
CURRENT BLOCKCHAIN
“Blockchain impacts all industries that have trust
as part of their core product”
ELECTIONSNOTARIES BANKS
THEIR JOB ISAssist customers in making legally binding agreements and archiving them
NOTARIES
Archiving offering, too expensive and replacable by blockchain
Blockchain disrupts
Offer verified digital identities on blockchain so customers can sign contracts
Re-invent with blockchain
THEIR JOB IS• Financing• Risk assessment• Account administration
BANKS
• Account administration• Too expensive for bank and customers• Too complex
Blockchain disrupts
• Become a service prodider• Enable peer to peer exchange for
customers• Focus on creating value as a service
Re-invent with blockchain
DEMOCRACY REQUIRESAuditable and anonymous vote registration
ELECTIONS
• Paper voting• Vote can be cast digitally across
the world• Results auditable by everyone
afterwards
Blockchain disrupts
• Complex voting process• Print a private key as a QR code
on each voting card
Re-invent with blockchain
ELECTRICITY GRIDS
DIGITAL IDENTITY
CONTRACT SIGNING
OPEN MARKETS
LAND REGISTRATIONS
INTERNATIONAL TRADE
INSURANCE
TAXATION
It’s a Game of Trust
Gildetrom 27-33 3905 TB Veenendaal
@sander_vl [email protected]
https://nl.linkedin.com/in/svloosbroek
W W W . C E G E K A . C O M