1. Ameda meeting in Botswana Monica.singer@Consensys.net April 2018

2. Some consider Blockchain to be the “Missing Piece” of the Internet
Value ?
Text
Voice
Video
The World Wide Web
TCP/IP and HTTP
Blockchain ?
Source: Credit Suisse Research

3. The digital economy is heading for decentralization
Digital business models transformation driven by reduction in intermediaries
Platform Economy
Sharing Economy
P2P Economy
2010
2015

4. Payment and Securities Networks:
Central Ledger Model in batches, relies on trusted third party & requires reconciliation

5. Distributed Ledger Model in real time no reconciliation
Removes need for trusted third party/intermediaries but now everyone maintains the same ledger & entries done when there is consensus

6. Key components of a blockchain
Originally conceived as the underlying protocol of Bitcoin, blockchain technology has since evolved to support a number of applications with the introduction of “smart contracts”
Immutable ledger
Blockchain is a write-once distributed database so it registers an immutable record of every transaction that occurs.
Cryptographically secure
Uses tried and true public/private signature technology. Blockchain applies this technology to create transactions that are impervious to fraud and establishes a shared truth.
Decentralized consensus
There are many replicas of the blockchain database and no one participant can tamper it. Consensus among the majority of participants is needed to update the database.
Smart contracts
The Ethereum blockchain can store and execute both data and Smart Contracts (“logic”) in the blockchain.
Digital assets
Blockchains have underlying cryptographic currencies, and can tokenize any asset and track it digitally and securely

7. Blockchain case – Capital Markets
Sir. Bakker
Delta Lloyd
Seller
ABN
LCH
Bony
CSD
BNP
Reduces
intermediaries
time between trading & settlement
counterparty and custody risks
costs
cyber risks
LCH
Rabobank
Robeco
Sir. Jensen
Source: Accenture

9. Thank you!