blockchain buzzword or business opportunity? -...

Blockchain – buzzword or business opportunity?

Grab’n Go: Session 2, 2017-03-23

2© Deloitte 2017 2© Deloitte 2017

AGENDA

23-03-2017

Context What is Blockchain?

Selection of use cases

Taking the next step

3© Deloitte 2017

Context

4© Deloitte 2017

4

Airbnb– the world’s largest accommodation provider, owns no real estate

Alibaba– the world’s most valuable retailer, has no inventory

Wikipedia – the world’s largest encyclopedia, produces no content

Uber – the world’s largest taxi company, owns no vehicles

5© Deloitte 2017 5© Deloitte 201723-03-2017

Internet of value ?Blockchain 101

Consider value

Click here to see video

https://www.youtube.com/watch?v=S5IztBxJUR0




Context

Today is going to be about Blockchain from a commercial perspective

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Business(Viability)

Technology(Feasibility)

Customers(Desirability)

DESIGN THINKING

Emotional innovation

Process Innovation

Functional Innovation


Context

… because there is a lot of buzz about blockchain these days…

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“Imagine a technology that could preserve our freedom to choose for ourselves and our

families, to express these choices in the world, and to control our own destiny, no matter

where we lived or were born. What new tools and new jobs could we create with those

capabilities? What new business and services? How should we think about the opportunities?

The answers were right in front of us, compliments of Satoshi Nakamoto.”

“There is a growing agreement among technology companies that the blockchain is essential to unlocking the potential of the

Internet of Things.”

100

2017-03

2013-04

2008-02

2015-03

Index

Indexed development in Google searches on ”Blockchain”

68

2017-03

2013-04

2008-02

2015-03

Index

Indexed development in Google searches on ”Bitcoin”


Context

… maybe too much?

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“I think it's being over-hyped from the aspect of its short-term

impact because there are still technical things that you need to solve and scale and there are still counter-aspects - business model wise - that aren't necessarily fully

clear.”

- Peter Sondergaard, senior vice president of technology research

firm Gartner

Blockchain is on top of Gartners hypecycle…… because the short-term potential

is believed to be overvalued


Context

Some put it more bluntly

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“I think it's being over-hyped from the aspect of its short-term

impact because there are still technical things that you need to solve and scale and there are still counter-aspects - business model wise - that aren't necessarily fully

clear.”

- Peter Sondergaard, senior vice president of technology research

firm Gartner,

Blockchain is on top of Gartners hypecycle…… because the short-term potential

is believed to be overvalued


Context

The point is that Blockchain ought to be on your radar…

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Context

… because exponential development might make Blockchain become vastly superior quickly

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Blockchain solution

Traditional solution

Time

Efficiency

Change point(good luck with using traditional solutions)


Context

And outside OECD, where traditional digital infrastructure solutions are not as far, the change to Blockchain solutions might come sooner rather than later…

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Blockchain solution

Traditional solution, OECD

Time

Efficiency

Change point, outside OECD

Traditionel solution, outside OECD

Population(bn)

1,3

6,0


Context

Whether or not it is a buzzword or business opportunity will depend on the scenario playing out in coming years

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https://www.youtube.com/watch?v=oQuFfOimE5c&feature=youtu.be


Scenarios of Blockchain from 2016……

4 Different scenarios of Blockchain development & impact on society

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Click here to seevideo




https://www.youtube.com/watch?v=oQuFfOimE5c&feature=youtu.be

https://www.youtube.com/watch?v=oQuFfOimE5c&feature=youtu.be&t=158

https://youtu.be/oQuFfOimE5c?t=233

https://youtu.be/oQuFfOimE5c?t=326

15© Deloitte 2017

What is Blockchain?


Blockchain 101

Defining blockchain

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SINGLE SOURCE OF SHARED TRUTH

- Vitalik Buterin, creater of Ethereum

Abstract

level

Knots and

bolts level

Key question:

What does thismean?


Blockchain 101

Internet 2.0: from copying digital information to actually sending it – ”Internet of value”

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Blockchain 101

Explaining central features of Blockchain

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https://youtu.be/gKwrV8XUtBM


Blockchain 101

Three technical features underpin blockchain technology

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Decentralized

Timestamped Immutable


Blockchain 101

Digital information, like for example your basic identity details, can be stored and shared securily and easily

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Fragmented Digital Identity: Today’s Identity is fragmented, insecure, broken

Distributed Digital Identity: Future Identity is smart, global, secure and self managed


Use cases

Smart identity

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Click here or click photo

https://youtu.be/zpO7eH5FYdo


Blockchain 101

Benefits from using Blockchain are broad

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Digital Trust

Digital Security

Digital Control

Digital Transparency

Empowerment of customers, citizens & ”Things”

23© Deloitte 2017

Selection of use cases


Use cases

Even though Blockchain is mostly is considered a “back-end” technology it has the potential to disrupt all aspects of business life…

23-03-2017

Business(Viability)

Technology(Feasibility)

Customers(Desirability)

DESIGN THINKING

Emotional innovation


Use cases

… because it revolutionizes the way digital identities and digital assets are stored and accessed and makes “smart contracts” and “distributed apps” possible

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Use cases

Customer onboarding

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https://youtu.be/IoQqchI0A-k


Use cases

Mercury Trade Finance Overview

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https://youtu.be/WQgtpBrQjKQ


Use cases

Product warranty and insurance on blockchain

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https://youtu.be/1dvYSVMPjRY


Use cases

Traceability issues in the art market

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https://youtu.be/u5SBhWgEE80


Use cases

Cross-border payments

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https://www.youtube.com/watch?v=HAlyWz8aU8s&index=4&list=PLl4by_vVwv0zqbNLxRB88rJDZTNV4Bsv2


Use cases

Blockchain & Regulatory Reporting

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https://youtu.be/xSoHGjXIz_E

33© Deloitte 2017

DELOITTE BLOCKCHAIN OFFERING

Innovation and Ideation1

Product Development4

Strategy Development 2

We identify relevant use cases to harvest the

benefits of blockchain technologies

Our thought leadership, developed in conjunction

with our ecosystem of innovation and blockchain

companies, enables you to make sense of the broad

innovation landscape

We track over 200 blockchain companies

We mobilize our global practitioners to your

organization to re-engineer business processes or

design new ones

We bring our broad set of services, across

compliance, technology, talent, operations and tax,

to effectively integrate your blockchain solution

We deliver as one team in collaboration with

external companies

We lead you to define “where to play and how to

win”

We drive business, technology, integration and talent

strategy

We develop strategies to pilot and implement

blockchain based solutions

We define an iterative and flexible approach to

match the rapid changes in the ecosystem

We accelerate prototyping by using our existing

technology capabilities and industry experience

We have prototypes up and running: Digital Bank,

Loyalty & Rewards and Smart Identity

We have over 20 prototypes in development

Prototyping 3

Global delivery network with 9 development teams

Industries where we have deep business process knowledge

Ecosystem of technology and innovation companies

Practitioners in our blockchaincommunity from 40 countries

23 600+


Three days competition to build a Minimum Lovable product (MLP), based on a certain topic (e.g. Blockchain) or challenge (e.g.: design a new service in market ‘x’). This is done in mixed teams of developers, UX-specialists and/or business developers.

The hackathon can be run:

• Standalone: the objective is to develop new ideas on a particular topic and create eminence for Deloitte on the FinTech field

• As part of a larger accelerator programme, allowing participants to build a proof of concept to support their application to the accelerator programme

Activities

• Stimulate innovation and its process in a lean and agile way

• Explore challenges and start ideation on the potential of a new application or service

• Explore and develop strategic choices• Think like consumers and define the killer features for

a new value proposition

Benefits

• Minimal Loveable product (MLP) (working prototype as a solution to the challenge at hand)

• UX/UI design (interaction and interface) of the service

• Set of concrete ideas and concepts that have created by all teams to use in future project

Deliverables

09:00

10:00

11:00

12:00

13:00

14:00

15:00

16:00

17:00

18:00

Participantsarrive & form

teamsWorkshops

(topics TBD)Work

Friday Saturday Sunday

Opening hackathon

& introduction

challenge

Work

Lunch

Work

Closure &Powerdrinks

Finalpresentationsof all teams

LunchLunch

Typical hackathon agenda

PRIVATE HACKATHONGenerating ideas across your business


During a 3-day bootcamp, we first explore the various domains Blockchain impacts, develop a relevant use case/user story around one of these domains and ultimately, develop a working MVP (minimum viable product).

• Day 1: brainstorming and selecting use-case and developing high level user story and epics

• Day 2: Development (back- & front-end), user experience, prototyping

• Day 3: Storytelling & Pitch

The team itself should (at least) consists of:

• 2 back-end developers (Blockchain)• 1 front-end developer (translating visuals

into code)• 2 service/visual designers • 1 Blockchain expert

Activities

• Get to a working MVP in 3 days• Explore possibilities or blockchain in a fast, efficient

way• Claim first-mover advantage with new use cases

when technology is still ‘hot’• Educate the team and business about working on

blockchain in an agile and safe environment

Benefits

• User story (or customer journey)• Working MVP• UX design (e.g. app design, scenarios, personas)• High level business case• Design of blockchain ‘ecosystem’: who plays

what role in the newly developed solution space?

Deliverables

MVP BOOTCAMPDesiging a relevant, working Blockchain solution


The Grid Blockchain Lab offers a 10 week rapid prototyping process using an experiment-driven agile methodology

GRID BLOCKCHAIN LAB RAPID PROTOTYPING

Discovery

Build

Review

AC

TIV

ITIES

OU

TP

UTS

Milestones

DiscoverUnderstand the problem, define the use case and objectives

DesignDefine, agree and document the technical design specification of the PoC experiments

Week 1

Design

Week 2 Week 3 Week 5 Week 6 Week 7 Week 8 Week 9 Week 10

Design SpecificationFunctional and technical design documentation for each experiment

Phases

Hypothesis and ExperimentsA set of hypothesis with experiments used to test the validity of the claims. For each hypothesis, criteria are defined to measure business success

Experiment 1Build and measure a blockchain-based proof-of-concept

Summary and findingsReview and documented the summary of final outputs and findings

Week 4

Review outcome (Persevere/Pivot)A review of the first experiment output which upon assessment will lead to either preserving with the solution or pivoting to another experiment whereby a short design phase is undertaken

Experiment 2Re-design, build and measure a Blockchain-based proof-of-concept dependent on the outcome of the experiment 1 review

VisionA vision setting the overall agenda, objective and definition for success for the PoC


• How might Blockchain impact my specific

industry or function?

• Cross industry & functional cooperation ?

• Growth or efficiency approach?

• Do I need to reconfigure business model,

organization, ect ?

• Who can I join to create exponential growth?

Next steps

We can help answer the key strategic questions in relation to Blockchain and build solutions

23-03-2017

Key strategic questions Building solutions

International Blockchain

network

EMEA Grid Blockchain Lab

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Copyright © 2017 Deloitte Development LLC. All rights reserved.

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Contact us.

www.deloittedigital.com

Rasmus Mølbjerg

Director

[email protected]

http://www.deloittedigital.com/

blockchain buzzword or business opportunity? -...

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