The blockchain potential for business

Jean-Luc Verhelst Blockchain potential supporting deck

Transcript

1. Jean-Luc Verhelst @verhelstjeanluc www.jeanlucverhelst.com Blockchain The potential for business
2. @verhelstjeanluc www.jeanlucverhelst.com “94% of the financial professionals surveyed believe that the blockchain could be used in mainstream finance.” Greenwich Associates “58 % of surveyed executives and experts from the information and communication technology sector believe 10% of global GDP will be stored on blockchain technology by the mid-2020s.” World Economic Forum High expectations
3. @verhelstjeanluc www.jeanlucverhelst.com Understanding distributed ledgers Traditional database Blockchain
4. @verhelstjeanluc www.jeanlucverhelst.com Understanding distributed ledgers Centralized Decentralized Public Blockchain Private Blockchain Decentralization = No central trusted party + No single point of failure One database
5. @verhelstjeanluc www.jeanlucverhelst.com Understanding distributed ledgers
6. So what ? @verhelstjeanluc www.jeanlucverhelst.com 1 – Record keeping 2 – Transfer of value 3 – Smart contracts
7. @verhelstjeanluc www.jeanlucverhelst.com 1 – Record keeping • Medical records • Copyrights (photos…) • Birth certificates • Regulatory reporting • ID information - KYC • Property • Record financial transactions • …
8. @verhelstjeanluc www.jeanlucverhelst.com Healthcare data • One full medical history • Multiple stakeholders • Emergencies • Control over your health data Control your data • Wearables data on Blockchain • Data aggregated by populations • Un-linkable to end user Anonymous analytics
9. @verhelstjeanluc www.jeanlucverhelst.com Land registries
10. @verhelstjeanluc www.jeanlucverhelst.com 2 – Transfer of value • Cryptocurrencies • Payments • Shares • Votes • Diamonds • Anything of value
11. @verhelstjeanluc www.jeanlucverhelst.com Understanding how value is transferred 1 Btc 0.7 Btc 1.7 Btc 0.7 Btc 0.2 Btc 1.4 Btc • (A define number of) assets can be stored on the blockchain • Each assets can be identified • Assets can be made divisible • Assets are transferred not copied  Clear view on who owns what when. 1.6 Btc
12. @verhelstjeanluc www.jeanlucverhelst.com Clearing and settlement
13. @verhelstjeanluc www.jeanlucverhelst.com Disrupting Audit ? • Transparency, irreversibility, secure, permanent Trusted ledger 1 000 € Account 2 000 € 500 €
14. @verhelstjeanluc www.jeanlucverhelst.com 3 – Smart contracts
15. @verhelstjeanluc www.jeanlucverhelst.com What are smart contracts ? ID information Code Listen to T If ( t=s) then { //code if true } Else{} • Bet • Automated insurance • Car Leasing • Pay upon receipt • Crowdfunding • Last will execution
16. @verhelstjeanluc www.jeanlucverhelst.com Leasing a car
17. @verhelstjeanluc www.jeanlucverhelst.com Crowdfunding
18. @verhelstjeanluc www.jeanlucverhelst.com Blockchain in the world of tomorrow
19. @verhelstjeanluc www.jeanlucverhelst.com Transfer of value Smart contracts Record keeping Let’s recap
20. Questions remain @verhelstjeanluc www.jeanlucverhelst.com Governance ? Scalability ? Inter-operability ? Regulation ?
21. This is happening @verhelstjeanluc www.jeanlucverhelst.com
22. @verhelstjeanluc www.jeanlucverhelst.com
23. @verhelstjeanluc www.jeanlucverhelst.com Hype cycle Blockchain
24. @verhelstjeanluc www.jeanlucverhelst.com The tip of the Iceberg? https://www.youtube.com/watch?v=YIVAluSL9SU
25. Jean-Luc Verhelst @verhelstjeanluc www.jeanlucverhelst.com Blockchain The potential for business – Closing