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Presentation Title | Date
Blockchain: Real World Use Cases
Nick Meyne Enterprise Architect - Capgemini
2Copyright © 2016 Capgemini and Sogeti. All Rights Reserved.
Blockchain Use Cases | 28th September 2016
Agenda
Blockchain Background Patterns 8 Use cases Business Success Factors Summary
3Copyright © 2016 Capgemini and Sogeti. All Rights Reserved.
Blockchain Use Cases | 28th September 2016
“It’s going to be as big as the internet was in the 90’s” ..Really?
“Think about the blockchain as another class of thing, like the Internet − a comprehensive information technology with tiered technical levels and multiple classes of applications for any form of asset registry, inventory, and exchange, including every area of finance, economics, and money. In fact it is even more - the blockchain concept is a new organizing paradigm.”
Melanie Swan, Institute for Blockchain Studies
“Blockchain is reinventing the infrastructure that enables us to transact globally, between institutions, in real time…. It’s not just about banking, it’s going to revolutionize governments, the identity of people and the whole way we think about how we record transactions – something we will see for the next decade, changing everything ” “It’s a distributed database you can trust”
Chris SkinnerAuthor ValueWeb and CFO, The Finanser
https://youtu.be/B4A40R2VKSICapgemini - Agents of Change:
Gartner Hype Cycle
Scott Adams
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Blockchain Use Cases | 28th September 2016
Blockchain platform technology includes a mix of decentralized database, process logic, cryptographic security and transparency… designed for value exchange
Modular business rules
«Smart contracts»
Programs «built into» the database
Process automation
… but this is not necessary for its use
Can transfer digital values…
Any digital representation of an asset
Value transfer
Strength can be varied according to use
Built on public-key infrastructure
Reduce damage caused by data breach
Cryptographic security
«Data» can be anything
Data is stored in more than one place
Each entry is «chained» to the next
Decentralized database
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Blockchain Use Cases | 28th September 2016
Patterns: Blockchain is a DISTRIBUTED ledger technology
Centralised Federated Distributed
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Blockchain Use Cases | 28th September 2016
DISTRIBUTED – network - it’s like the Internet
Centralised Federated Distributed
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Blockchain Use Cases | 28th September 2016
DISTRIBUTED – development and maintenance
Centralised Federated Distributed
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Blockchain Use Cases | 28th September 2016
DISTRIBUTED – stability, scalability, innovation
Centralised Federated Distributed
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Blockchain Use Cases | 28th September 2016
Other than for cryptocurrencies, where might a distributed ledger be useful for ‘value exchange‘? Why?
Value Transacted Ecosystem – busy: buyers, suppliers
and regulators – not just one app! Existing Market Broken:
• Clumsy? No trust? Transparency/privacy?• Won’t scale / Scary... Failure?• Slow
Rules Lower Friction, Speed Governed
Isn’t this just emerging technology looking for a business problem to solve!
1. You should be focusing on your most important problems, not the technology
2. Don’t use a blockchain if there’s a better way of solving the problem with conventional technology... Does it really need to be distributed?
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Blockchain Use Cases | 28th September 2016
DISTRIBUTED LEDGER = PLATFORM for MATCHMAKING
What Who How
Private Securities Capital Markets Firms Digital Asset ledger for issuing private securities to investors
Syndicated Loans Lenders and Borrowers
Shared loan ledger allows lending syndicate to form and arrange loan
Ripple Integration Banks and Payment Service providers
Connector for lower cost ‘peer to peer’ Foreign Exchange between banks
PSD2 Compliance Banks, Payment Services, Customers
Authorizing access to customer bank accounts by payment providers
Business Identity Small Businesses, Institutions
Businesses control ‘self-sovereign’ business identity information, verified and shared.
Fiat - Relay Users of ‘Dapps’ and Banks
Distributed app users able to ‘Cash-out’ from cryptocurrency more easily.
Loyalty Consumers, Retailers,Card Providers
Digital loyalty point wallets and decentralised exchange. ‘Pop-up’ coalition loyalty schemes.
Social Loyalty Communities, Charities
Charitable / welfare donation and non-cash value earning and redemption for the financially excluded to improve social welfare
Capgemini Proof of Concept Work on Blockchain
**
*
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Blockchain Use Cases | 28th September 2016
Description / Overview
Target clients
• Smaller businesses prove their identity and reputation to authorities, lenders, insurers and other businesses
• Submit documents, proofs and references once, not many • Create (or revoke) authorisations with multiple institutions• ‘Self-sovereign’, but notarised by proving authorities
• Tax authorities• Providers / ‘panel’ consortia offering multiple services• FI’s and Banks managing business account access
Blockchain Benefit• Blockchain to build and share identity and authorisation records• Secure, immutable records – shared and verified – fewer copies• Distributed solution increases resilience. Less burden for all.
Business Identity and Authorisations
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Blockchain Use Cases | 28th September 2016
Small businesses can control their own strong and verified ‘self-sovereign’ business identity and authorisations and grant secure access to relevant information
A blockchain-based identity and authorisation management platform standardises and simplifies the interactions of small businesses with government, financial institutions, traders and customers
Authorization Rules
Identity, Proofs and Permissions
Business Owner / Authorised Officers
Access and Rights Management
Customer privacy Blockchain Transparent / immutable
Trusted authorisers / regulators – e.g. Tax authority- have write access to the identity store and provide verification and proofs
Common, secure Access Rights Management platform with
governance framework
Lenders / Banks / FI’sAuthorised Agents, Other
Businesses,Customers
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Blockchain Use Cases | 28th September 2016
Description / Overview
Target clients
• Enable collaborative shared ledger loyalty value exchange• Scheme rules implemented as smart contracts • Consumer identity, trust and privacy features
• Merchant acquirers needing a value-add ‘sticky’ offer• Payment providers creating a digital marketplace offering• Large to Medium-sized or small retailers – can have loyalty scheme of their own
Blockchain Benefit• Common platform consumer + merchant loyalty value exchange • Consumer privacy and community features• Can work as a value gateway to existing CRM or loyalty schemes
Loyalty – Tokens
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Blockchain Use Cases | 28th September 2016
Blockchain-based loyalty tokens reduce complexity and increases agility and consistency in loyalty scheme administration
A blockchain-based loyalty ledger provides a common platform solution for multi-merchants directly linking Payment Transactions to Loyalty Tokens, owned by the Consumer
Loyalty / Promotion Rules
Identity and Permissions
Multiple store POS systems
Multiple digital channel systems
Value Exchange /
Digital Wallet
Customer privacy
Blockchain Transparent / immutable
Standardised, simplified interfaces
Mobile, low cost, resilient and available
platform
16Copyright © 2016 Capgemini and Sogeti. All Rights Reserved.
Blockchain Use Cases | 28th September 2016
Description / Overview
Target clients
• Charitable / welfare still cash payments in F2F situations• Cash has risks – but is the only alternative for the excluded• Provide a non-cash, token-based convenient digital channel for F2F
value exchange after ‘top-up’
• Affordable digital micro-payments for those who no longer carry cash• Charities who wish to improve traceability of donations – tax
reclaimed?• Local councils, charity volunteers or service providers – food banks?• Central government engaging more with local benefits disbursement
Blockchain Benefit• Common distributed platform approach allows charities, or groups of
charities and local groups to exchange value for services • Smart contract rules to support social objectives. Social Loyalty incentives• Traceability, auditability helps satisfy regulators• Client and donor privacy
Social Loyalty
... TRADE
17Copyright © 2016 Capgemini and Sogeti. All Rights Reserved.
Blockchain Use Cases | 28th September 2016
Charitable / welfare donation and non-cash value earning and redemption for the financially excluded to improve social welfare
A blockchain-based social loyalty ledger could affordably extend proven consumer loyalty concepts to the charitable and social welfare sector for the mutual benefit of donors, clients and service providers
Scheme RulesIdentity and Permissions
Service:Food bank, Accommodation, Charity store,Learning,Childcare
RegisteredClient
Value Exchange /
Digital Wallet
Customer privacy
Blockchain Transparent / immutable
Charity / Social Enterprise / Local Authority
Mobile, low cost, resilient and available platform
Tax Authority / Charities Regulator
Registered Donor
IdentifierAssisted account access and advice
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Blockchain Use Cases | 28th September 2016
Six Business Success Factors: Distributed Thinking
Reduce Friction:• Inefficiencies, delays, handoffs
Critical mass:• Enough participants on the platform for it to be mutually valuable
Pricing:• Some participants subsidised to join? Just at the start?
Ecosystem:• Membership. Who gets in at the beginning? Who is kept out? ‘Network effects' ?
Meeting Place:• User experience – great for all the participants.
Governance:• Clear, open and trusted - keep the platform secure stable and in line with regulations and
operating principles.
19Copyright © 2016 Capgemini and Sogeti. All Rights Reserved.
Blockchain Use Cases | 28th September 2016
0102
03
0405
BlockchainResearch and Analysis
POC Buildingin our InnovationLab (8 concepts)
We partner with leading Blockchain Start-ups
We participate in Leading Open Source initiatives
Capgemini Blockchain evaluation framework + white papersResearch on Smart Contracts (Publication October 2016)
Capgemini Applied Innovation Exchange ( AIE) offers a unique setting for POC elaboration
Capgemini collaborates with the leading Blockchain startups (Symbiont, BigChainDB, Eris…)
Capgemini is expanding its team of Blockchain expertsCapgemini Participates in
leading open source development for Blockchain (Hyperledger, Blockstack)
Our Team of BlockchainExperts are available to work with your team
Capgemini and Blockchain - Summary
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Blockchain Use Cases | 28th September 2016
Contact information
NickMeyneEnterprise ArchitectBlockchain for Public [email protected]://www.linkedin.com/in/nick-meyne-90010a2
See me in the Pentagon Area for more on:
• Demos• Blockchain technology in more detail• Capgemini Accelerators
BartCantGlobal Community Leader Bitcoin, Blockchain and Distributed Ledgers for Capgemini Financial [email protected]://www.linkedin.com/in/bartcant