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UnderstandinghowBlockchains reducefinancialcomplexityDecember2015
Blockchains andApplicationsElkington
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BitcoinMarket
Elkington 2
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BitcoinTransactions
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SizeofBitcoinBlockchain
Elkington 4
Source:blockchain.info,GoldmanSachs
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VCFundingofBlockchain Startups
Elkington 5Source:Coindesk, GoldmanSachs
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OverviewofBlockchain transactionscomparedtotraditionaltransactions
Elkington 6Source:InnoVentures
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SchematicofInternationalFinancialTransactions
Elkington 7Source:InnoVentures
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BottlenecksofFinancialTransactions
Elkington 8Source:InnoVentures
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Divisionoffinancialtransactions
Elkington 9Source:InnoVentures
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Flowoftransactionsonablockchain
Elkington 10
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Conclusions
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1. Bitcoincontinuesasthelargestblockchain withthehighestpotentialtoimplementmassmarketsmartcontracts
2. Currentfinancialtransactionshavemajorbottlenecksthatcouldbesolvedbyblockchain applications
3. Blockchains haveadvantagesinpre-trade,trade,andpost-tradesituations