the internet of value
TRANSCRIPT
“Chris Skinner: one of the most authoritative voices on Fintech anywhere”
SETH WHEELERFORMER ECONOMICS ADVISORTO THE US PRESIDENT ANDTHE WHITE HOUSE
WTF?
• What is the ValueWeb?• What technologies are
being used?• Why FinTech is so hot!• The impact upon
financial institutions• The future
5
1606 1933Jerónimo de Ayanz y Beaumont files first patent for a
steam-powered device that pumps water out of minesGeorge and William Besler are the first
aviators to successfully fly on steam power
SLOW EXPENSIVE
SLOW EXPENSIVE
FAST EXPENSIVE
FAST FREE
REAL-TIME NEAR-FREE
NEAR-FREE
Iqram Magdon-Ismail
Andrew Kortina
Harper ReedDylan Richard
NEAR-FREE
PROOF
How Bitcoin workssender sends bitcoin to receiver and, once validated, the transaction is recorded to the blockchain …
… receiver gets bitcoin from sender and can spend it only after the blockchain confirms transaction
anyone can see the transaction in the blockchain
… and sosender sends anything to receiver and, once validated, the transaction is recorded to the blockchain …
… receiver gets something from sender and can spend it only after the blockchain confirms transaction
anyone can see the transaction in the blockchain
• What is the ValueWeb?• What technologies are
being used?• Why FinTech is so hot!• The impact upon
financial institutions• The future
to a server at System
4.5 1 5.5
THE SERVER
the server at
• What is the ValueWeb?• What technologies are
being used?• Why FinTech is so hot!• The impact upon
financial institutions• The future
RETAIL BANKING
WEALTH MANAGEMENT
COMMERCIAL BANKING
INVESTMENT BANKING
INSURANCE
PAYMENTS
BACK OFFICE[MANUFACTURING]
MIDDLE OFFICE[PROCESSING]
FRONT OFFICE[RETAILING]
RETAIL BANKING
WEALTH MANAGEMENT
COMMERCIAL BANKING
INVESTMENT BANKING
INSURANCE
PAYMENTS
BACK OFFICE[MANUFACTURING]
MIDDLE OFFICE[PROCESSING]
FRONT OFFICE[RETAILING]
RETAIL BANKING
WEALTH MANAGEMENT
COMMERCIAL BANKING
INVESTMENT BANKING
INSURANCE
PAYMENTS
BACK OFFICE[MANUFACTURING]
MIDDLE OFFICE[PROCESSING]
FRONT OFFICE[RETAILING]
WEALTH MANAGEMENT
INVESTMENT BANKING
RETAIL BANKING
WEALTH MANAGEMENT
COMMERCIAL BANKING
INVESTMENT BANKING
INSURANCE
PAYMENTS
BACK OFFICE[MANUFACTURING]
MIDDLE OFFICE[PROCESSING]
FRONT OFFICE[RETAILING]
RETAIL BANKING
WEALTH MANAGEMENT
COMMERCIAL BANKING
INVESTMENT BANKING
INSURANCE
PAYMENTS
BACK OFFICE[MANUFACTURING]
MIDDLE OFFICE[PROCESSING]
FRONT OFFICE[RETAILING]
RETAIL BANKING
WEALTH MANAGEMENT
COMMERCIAL BANKING
INVESTMENT BANKING
INSURANCE
PAYMENTS
BACK OFFICE[MANUFACTURING]
MIDDLE OFFICE[PROCESSING]
FRONT OFFICE[RETAILING]
RETAIL BANKING
WEALTH MANAGEMENT
COMMERCIAL BANKING
INVESTMENT BANKING
INSURANCE
PAYMENTS
BACK OFFICE[MANUFACTURING]
MIDDLE OFFICE[PROCESSING]
FRONT OFFICE[RETAILING]
RETAIL BANKING
WEALTH MANAGEMENT
COMMERCIAL BANKING
INVESTMENT BANKING
INSURANCE
PAYMENTS
BACK OFFICE[MANUFACTURING]
MIDDLE OFFICE[PROCESSING]
FRONT OFFICE[RETAILING]
RETAIL BANKING
WEALTH MANAGEMENT
COMMERCIAL BANKING
INVESTMENT BANKING
INSURANCE
PAYMENTS
BACK OFFICE[MANUFACTURING]
MIDDLE OFFICE[PROCESSING]
FRONT OFFICE[RETAILING]
• What is the ValueWeb?• What technologies are
being used?• Why FinTech is so hot!• The impact upon
financial institutions• The future
60
“Chris Skinner: one of the most authoritative voices on Fintech anywhere”
SETH WHEELERFORMER ECONOMICS ADVISORTO THE US PRESIDENT
email: [email protected]: Chris_Skinnerwebsite: www.chrisskinner.global