Raiffeisen Bank’s Approach to Blockchain · Raiffeisen Bank International is the first Austrian Bank to join the R3 The world’s largest consortium for development of enterprise

Raiffeisen Bank’s Approach to BlockchainBlockchain Summit 2.0 Belgrade, December 7th 2019

The Blockchain Hub drives, monitors and steersblockchain activities within RBI Group

§ Our assessment is based on the analysis of:§ Learnings from ongoing projects

within the RBI network§ Recommendations from R3 and

the Don Tapscott consortia§ Exchange with other banks, such

as Deutsche Bank, Commerzbank and OP Financial Group

§ Technological understanding of the Blockchain Technology and it’s potential impact onto the Financial Industry

§ Blockchain use-cases that are observed in the market within different focus areas

Develop and maintain a strategic understanding of the impact of Blockchain Technology onto our business

1. Opportunities to enable efficiencies and savings in our processes

2. New market opportunities and new business models

Investigate the application of Blockchain Technology for RBI in an agile, fast and startup-like environment

Establish a cross-group approach to focus internal activities - to create synergies - across BLs and NWBs

Demonstrate technical feasibility: Develop Blockchain Use-Cases and deliver pilot projects through a combination of business and technology perspectives

Gain early knowledge of significant market developments and new industry standards

Understanding of Implications

Market Developments

Demonstrate Feasibility

Execution Capability

Group-wide

The Blockchain Hub was BoM approved in May 2018 and since then it pursues the following goals:

Raiffeisen Bank International is the first Austrian Bank to join the R3

The world’s largest

consortium for development of

enterprise blockchain

solutions

An ecosystem of experienced

partners committed to

deliver

Bringing together dozens of ecosystem participants around industry leading use cases

Transact securely and with trust via permissioned blockchain-based network

R3’s Unified Value Proposition

The R3 consortium consists of over 200 technology and

financial partners committed to actively

pioneering ideas to deliver value to both organizations

and their clients

Within the Blockchain Hub we are currently focusing on several fields of applications

R B I ’ s B l o c k c h a i n H u b g o a l i s to increase the efficiency of internal data and knowledge sharing within the group

B l o c k c h a i n H u b

R B I d i f f e r e n t i a t e d a n d f o c u s e s o n t h e f o l l o w i n g f i e l d s

Areas E-money/Payments Identity Tokenization Trade Finance

DescriptionCash on ledger and domestic and international payment systems

KYC, AML and the representation of market participants

Crypto assets, fractional ownership, digital representation of traditional equities

Financing of international transfer of goods and services

Completed and Ongoing Initiatives within RBI Blockchain HubRBI Blockchain Roadmap DescriptionProjects

Digital Identity/KYC1

Payments5

CordaKYC TrialA self-sovereign digital ecosystem of identities; Phase II ongoing, aim to go-live in Q1/2020MyIDSafe Project

RBI & Billon

Completed trial within R3 consortium focusing on simulation of blockchain-based letter of credit transactions2 Paperless

Trader FinanceVoltron Trial

Marco Polo Project

Completed a global pilot that demonstrates in-house token issuance, settlement, cash transfer and collateral mobility; Participated in live showcase together with NatWest and Natixis4 Tokenization

Ivno Token Trial

Internal Token

Cross-Industry Initiatives3 Instant Property Network

Completed a trial which enables all participants involved in the property buying and selling process to join up their systems and transact directly within a distributed ledger platform

Stefan AndjelicRBI Blockchain Hub [email protected]: +43 1 71707-8932Mob: +43 664 8888-8932