technology advancement on the future of logistics - icao.int · kotak mahindra bank conducted a...

Technology Advancement on the Future of LogisticsPaul Sin, Ph.D. | Partner, Deloitte Consulting+852 9625 2427 | [email protected]

© 2017. For information, contact Deloitte China. 2

What are the Technology Advancements?


From Robotics to Artificial Intelligence

What is AI? Excel Macro? Chatbot? Voice Recognition? Facial Recognition? Chess Player?

© 2016. For information, contact Deloitte China.

I can process all tedious jobs.


1996 2011 2015

What was the Difference?


I can read like you.


I serve your clients.


From Bitcoin to Blockchain

What is Distributed Ledger Technology (DLT)? Is it Slow? Does it Consume Lots of Power?


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Trade Finance


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Source: Rethinking Trade & Finance 2017, International Chamber of Commerce, 2017


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Identity Theft, Double Financing, Forged Invoice


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Fraud PreventionBlockchain allows detection of double spending or financing without exposing sensitive information.

Player A

Buyer | Seller | 111 | Amount

Hash Address

0289d40ae4d74911942079

Hash Address

Player B

Blockchain


Hash Address

030af6ea351643fbb7f79f1

Hash Address


Hash Address

030af6ea351643fbb7f79f1

Hash Address

Synchronize

Fraud Alert

???

Impossible to Decrypt


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Hash Address

Gold Mine in BlockchainThe transparency of data in Blockchain enables tons of business case.

• Buyer• Seller• Date• Product

Category• Purchase Order• Origin• Value• Route• Invoice• Terms

Hash Address Exporter Importer Bank Custom Tax Regulator Logistic Insurer


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Trade Finance Eco-System

Regulator

Other Participants DLT Network

Node

Freight Forwarder

Commercial Clients

SMEs

SMEs

SMEs

Bank

Trade Facilitation

Service Provider

Corporate Client

Bank

Network Operator

Network Participant


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Global Supply Chain & Trade Finance DLT Network

MAS, IDA, and Customs built NTP with

GTCN in the Roadmap

HKMA, HSBC, HASB, BOCHK, SCB, and HKBEA

conducted POC on Deloitte Mercury, Hyperledger

Kotak Mahindra Bank conducted a Ethereum POC

in Document Financing on Deloitte Mercury

UBS, Bank of Montreal (BMO), CaixaBank,

Commerzbank, and Erste Group developed

Batavia on Hyperledger, starting with LC

Dubai Customs, Dubai Trade, Emirates NBD,

Banco Santander, Du, and Aramex started

Trade Finance DLT on Hyperledger for LC

Maersk aims to eliminate paper trail on

supply chain with Hyperledger

Walmart leveraged

Traceability on DLT for Food

Safety, using Hyperledger

Ireland Dairy Board, Ornua, and

Seychelles Trading used Wave for

Dairy Product Trading and LC

Financial Sector Driven

Public Sector Driven

Corporate & Logistic Driven

Brighann Cotton, Commonwealth Bank

of Australia, and Wells Fargo conducted

First Trade on Hyperledger, starting with

Open Account Financing

ING, Easy TradING Connect,

Mercuria, Societe Generale

conducted Ethereum POC

on OilPing An and Bank of China conducted

Trade Finance POC on Hyperledger

Deutsche Bank, HSBC, KBC, Natixis, Rabobank,

Societe Generale, and Unicredit formed We.Trade

and built DTC on Hyperledger

NTT Data, MUFG, and Other Banks,

Insurance, Firms, Logistics Companies

Developed eTrade on Hyperledger for LC

BNP Paribas, Commerzbank, ING, and RBS developed

Macro Polo on Corda (TradeIX) for Open Account

Bangkok Bank, BBVA, BNP Paribas, HSBC, ING, Intesa Sanpaolo, Mizuho,

RBS, Scotiabank, SEB, and US Bank tested R3 Voltron on Corda for LC


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Supply Chain Traceability


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US$ 600

Billion

Counterfeit,

7% of Global

Trade

Traceability

US$ 2 Billion

Cost of

Jewelry

Fraud to

Insurers

US$ 600

Million

(20%) Fake

Wine

US $40

Billion

Counterfeit

Food

100x in

20

Years

US$ 16

Billion Anti-

Counterfeit

Technology

Diamond

MedicineMobile

Phone

Baby

Formula Toy

2+ Million

Diamonds

on Chain


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Traceability on Chain


From Cloud to Platform Business

Is Cloud an Online Storage? eMail Service? Photo Upload? Or Something More…


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Vision

Legacy System

Emerging Technology

New Channel Social Media Blockchain Platform AI Machine Learning

Infrastructure

API Gateway on Cloud

Process PMO

API

Strategy Compliance


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Singapore API Playbook


All About Collaboration


Integrate Everything

for a Truly Delightful Customer Journey

technology advancement on the future of logistics - icao.int · kotak mahindra bank conducted a...

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