PARIS – BRUSSELS – SINGAPORE [email protected] www.azzana.net
1
Cognitive Analytics Management Conference 2018
American University of Beirut
November 28, 2018
B LO C KC H A I N A N E W F O U N DAT I O N F O R
E C O N O M I C & S O C I A L I N S T I T U T I O N S
M i c h e l K H A Z Z A K A
Head of Blockchain Practice
Azzana Consulting
PARIS – BRUSSELS – SINGAPORE [email protected] www.azzana.net
95 % 2
... 10 YEARS LATER , BLOCKCHAIN GOLD RUSH !
WHAT PERCENTAGE OF ENTREPRISES HAVE
ONGOING BLOCKCHAINS PROJETS THIS YEAR ?
Source Deloitte
PARIS – BRUSSELS – SINGAPORE [email protected] www.azzana.net
$ 2.1 Billion 3
... 10 YEARS LATER , BLOCKCHAIN GOLD RUSH !
HOW MUCH ENTREPRISES SPENT ON
BLOCKCHAIN SOLUTIONS IN 2018 ?
Source Deloitte
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... 10 YEARS LATER , BLOCKCHAIN GOLD RUSH !
Cryptocurrencies
marketcap
Count of Blockchain
Projects launched in
2016 (less than 10 %
survived 6 months)
$ 2 Trillion 25 000 $ 1 000 000
Minimum budget spent
by 69 % of French
entreprises on Blockchain
projects in 2018
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WHAT’S WRONG WITH MONEY AND PAYMENTS ?
1 local payment transaction (online or proximity) can have in average 8 participants, 15 steps, over 5 layers of processing steps and can take between 1 day up to 7 days to complete !
Payer Payee
Originator
Beneficiary
Central Bank
Domestic Card Scheme PSP
Clearinghouse
1 to 7 days
1
23
4 56
7
8
912
1110
13
1415
Exchange of goods & services
+ Telecom operator for 3D Secure SMS
And many other participants before and after the payments Tx
100 € 98 €
- 2 %
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WHAT’S WRONG WITH MONEY AND PAYMENTS ?
Onlin
e vs
Vic
inity
20x m
ore
frau
d 1 to 15 days
to complete a paym
ent
Fees - 2 %
IoT incompatible
Cross B
order
ATM
Terminals
Smart Cards NFC
Mobile Point of Sale mPOS
EMV
PC
I DSS
3D S
ecur
e
VISA
SWIFTJCB
CUP
SEPA
Target2
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FIXING PAYMENT AND MONEY
Any payments transaction (online or proximity) is near realtime, peer to peer and worldwide!
Builtin Internet of Value
Payer & Originator
Clearinghouse
30 sec to 10 min
Payee & Beneficiary
0,2 % to 3% fees might apply if need to be enter the scheme via Transfer or Card payments
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CRYPTOCURRENCIES WALLET
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ROADMAP FOR BLOCKCHAIN ADOPTION IN FINANCIAL SERVICES
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NATURAL EVOLUTION OF INFORMATION SYSTEMS
CENTRALIZED DECENTRALIZED DISTRUBUTED
Ex. Telecom , Airline Ex. Google, Facebook ex. Emule, Torrent
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INTERNET VS WEB VS BLOCKCHAIN
Blockchain Native Applications
Blockchain Hybrid Web Applications
Web Applications
WORLD WIDE WEB BLOCKCHAINS
INTERNET NETWORKSReproduced from the book « The Business Blockchain »
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THE DISRUPTION OF THE CURRENT BUSINESS MODEL
Companies acting as intermediaries are invited to rethink their business model to move from a centralized intermediation model to a peer-to-peer model
B L O C K C H A I N N E W B U S I N E S S M O D E L
C U R R E N T I N T E R N E T M O D E L
Value Services disintermediated business model
Fee-Based Intermediated business model
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BANKING ACCOUNTS IDENTITY ISSUANCE
Banque de France use cases
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PAYMENTS & ACCEPTING CRYPTOCURRENCIES
+33 6 48 12 46 62 [email protected]
B E C O M E A B LO C KC H A I N B U S I N E S S E X E C U T I V E
— S U M M E R 2 0 1 9
M i c h e l K H A Z Z A K A Head of Blockchain Practice
Azzana Consulting