blockchain - a reality worth checking (sander van loosbroek - cio city)

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 Sander.vanLoosbroek@cegeka.nl

https://nl.linkedin.com/in/svloosbroek

W W W . C E G E K A . C O M