Blue Fin Venue - London 27/04/16
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WHAT IS THE BLOCKCHAIN?
• Introduced by Bitcoin in 2008• A secure, distributed ledger that can control any kind of data
CENTRALISED
DE-CENTRALISED
DISTRIBUTED
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FINTECH BUSINESSES INVESTING IN BLOCKCHAINExploring blockchain potentialBlockchain firms acceleratorResearching blockchain in London labExperimenting with bitcoin like rewards Blockchain based IOT on digi-cashHired decentralised ledger employee Enterprise wide blockchain initiative Planning blockchain based stock exchange Invested in 21 inc
Invested in Ripple labs for blockchain exposure Talking with IBM about digital cashExploring program with Ripple
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BLOCKCHAIN USE CASES (CONTINUED)
• UBS’s smart-bonds are bonds where "risk-free interest rates and payment streams were fully automated, creating self-paying instrument".– The key attraction is that there is no middle
or back office and no registry, so clearly major impact on costs.“
– UBS Alex Batlin
• Preventing document forgery• Take advantage of the Blockchain
transparency and time stamping• AML & KYC solutions
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BLOCKCHAIN REMITTANCE CAPABILITY
MTO/MSB
Blockchain Smart Contract
Smart contract
auto agent payout
KYC / AML solutions
Ledger data (transparency
)Bitcoin
Networks logged into Blockchain
competing for smart
contracts
Unforgeable docs –
Passports, driving license,
utility bills
Transactional history
auditing
Processing bitcoin
remittance
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Inputs and outputsTotal input 194,993.50000004 BTCTotal output 194,993.50000004 BTCFee’s 0 BTCEstimated BTC txns. 194,993 BTC
REMITTANCEBitcoin has surpassed Western Unions transaction
volume.
$147m transactions for $0fee!!!