blockchain on -...
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Blockchain onSupply Chain Finance
10+ Years of financial integration experience
20+ Countries - worldwide implementation
200+ Integration projects
70 ppl Global coverage with highly skilled professionals
HQ Belgium
Offices United States, Ukraine, Portugal (2) and Mexico
Linux Foundation’s Hyperledger Project Founding member of since 2016
Blockchain Ecosystem Partner since 2016Business Partner since 2016
Oracle Blockchain Cloud Services Partner 2017
Integration Partner since 2013Service Partner since 2009Solution Partner since 2007
IntellectEU
Company Profile
Technical expertise
SWIFT Integration Services
▪ Back Office Integration
- SWIFT Integration Layer (SIL)
- SWIFT Alliance Access Integration Platform (IPLA)
▪ Messaging Interface
- SWIFT Alliance Lite2 Implementation (Basic set-
up and Turn-key set-up)
- SWIFT Alliance Lite2 Support (POM, mini-POM)
- Alliance Messaging Hub (AMH)
▪ Trainings for SWIFT Users
- On-site training
- Off-site support after training
▪ Systems design, configuration and
administration
▪ Script development and implementation
▪ Installation of system software and banking
apps, testing
▪ Performance monitoring, capacity planning,
analyzing and system tuning
▪ Working with customer requests, managing
incidents, problems, changes
▪ Communication with SWIFT, participation in
audits
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ISO 20022, ISO 15022, FIX, EDI.Standards
Protocols
Networks
Applications
JMS, FTP, SMTP/IMAP, IBM MQ, REST, SOAP, IDOC (SAP).
Blockchain, SWIFT, Fed, FIX, CHIPS, Target2, SARIE, EBICS.
SAP, SWIFT Alliance Access, Oracle, TemenosT24, FlexCube, TurboSWIFT,
Quantum, Olympic, Tax/Mint, Google Enterprise, Salesforce
Technical expertise
Financial Integration Services
Blockchain integration services
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▪ Platforms
▪ Implementation
▪ Vertical solutions
▪ Custom use cases
▪ Proof of Concepts and MVPs
▪ Integration
▪ Financial integration - SWIFT Integration
▪ Back office applications
▪ Legacy systems
▪ Compliance with Industry Standards, Formats & Protocols
2014 2015 2016 2017
Quorum™
2018Initial Research
Oct 2016: Amsterdam Hackathon
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18h40 – 19h20
History behind Blockchain,
key features of Blockchain,
current status quo
and opportunities out there
Bitcoin, Blockchains and Distributed ledgers
Differentiating factors
Technology and platforms
Applications in different markets
“The electric light did not come from the continuous improvement of candles." - Oren Harari
Agenda
Bitcoin, Blockchains and
Distributed ledgers
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Recommended link - Princeton Online course:Bitcoin and Cryptocurrency Technologies
Bitcoin, Blockchain and
Distributed ledgers
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2 min video from World Economic Forum Jan/2017: What is blockchain?
Drivers:
• OPEX Reduction & Risk mitigation• New business models
Transactions are
cryptographically signed
Every node has a
copy of the ledger
Roles (e.g. hyperledger)
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Source: http://www.coindesk.com/state-of-blockchain-q1-2016/ Recommended link - Princeton Online course:Blockchain for Business - An Introduction to Hyperledger Technologies
Differentiating factors
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• Immutable records
• Privacy
• Distributed with no need for 3rd trusted party
• Consensus mechanism
• Programmable rules (smart contracts)
Provenance Immutability Finality Consensus
What’s new?
• Low settlement cost
• Risk reduction
• Transparency
• Single source of truth
• Increased resiliency – no single point of failure
Technology and platforms
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SOURCE: https://www.coindesk.com/research/state-of-blockchain-q3-2016/
Not exhaustive
ENTERPRISE BLOCKCHAINS
ENTERPRISE ETHEREUM ALLIANCE
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SOURCE: https://media.coindesk.com/uploads/2017/09/state_of_blockchain_q2_2017.pdf
ENTERPRISE BLOCKCHAINS
HYPERLEDGER
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SOURCE: https://media.coindesk.com/uploads/2017/09/state_of_blockchain_q2_2017.pdf
Hyperledger community•170+ members: Banks, Technology Companies, Corporations
•300+ contributing developers, 2000 + slack channel participants
•80+ PoCs, 3.6M lines of code
ENTERPRISE BLOCKCHAINS
Comparison
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http://explore-ip.com/2017_Comparison-of-Ethereum-Hyperledger-Corda.pdf
Potential of adoption
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In http://raconteur.stfi.re/business/the-future-of-blockchain-in-8-charts?sf=xwowezz#aa
Applications
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• Banking• Payments and money transfers• Cybersecurity• Academic records and
academia• Voting• Car leasing and sales• Networking and IoT• Forecasting• Online music• Ride sharing• Stock trading• Real estate• Insurance
https://www.cbinsights.com/blog/industries-disrupted-blockchain/
• Healthcare
• Supply chain management• Cloud storage• Energy management• Sports management• Gift cards and loyalty programs• Government and public benefits • Gun tracking• Wills and Inheritances• Retail• Charity• Law Enforcement• Human Resources• Ride Hailing
1. Understand 2. Select area3. Define Use
cases
• Complementary solutions
• New business models
• Solve problems not
addressed so far
• Cost reduction
• What is it?
• Which are the
differentiatingfactors?
Blockchain approach
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• Design Thinking• Key use cases
Phase 1 – Proof of ConceptPhase 2 – Minimum Viable
ProductPhase 3 - Roll-out
• Performance • Scalability• Availability
• Security • Data protection • Data segregation
Blockchain for Central Bank
Document management and authentication
Know your customer
Identity management
Insurance claim management
Invoice discounting
Supply chain finance
Smart correspondent banking
USE CASES DEVELOPMENT
Solutions
Services
Blockchain approach
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Invoice discounting
Challenges and requirements
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Trust Consensus Immutability
Provenance Finality Redundancy
Security
Performance
Availability
Scalability
Auditability
Compatibility with legacy
Reconciliation issues
Manual matching
Human processes
Data synchonization
Lack of visibility
Fraud
Challenges Requirements
Blockchain
Invoice discounting
Solution on BCS
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Abstract:
The producer gets financing over his invoice
before the due date by sharing the Accounts
Receivables information with the Bank.
The solution provides transparency, which
means less risk to the Bank.
Benefits
• Liquidity for the vendor
• Risk Management for the Banks
Blockchain
Koan Factory Company
1. Invoice3. Shipping
2. Invoice Approval5. Payment
Jupiter Bank
4. Invoice factoring proposals
Rhino Retail Company
Galaxy Bank
Producer Buyer
Bank 1 Bank 2
ERP / AP SystemERP/ AR System
Oracle BCS
Oracle SCM Cloud
Thank you!
www.intellecteu.com
@IntellectEU