kapron ASIA Blockchain technology, an opportunity for social good? - - PowerPoint PPT Presentation

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Blockchain technology, an

• pportunity for social good?

January 24th, 2018

kapron ASIA

kapron ASIA

Background

• 1998 – Undergrad in Computer Science

from Syracuse University

• 1998 – 2003: T

echnology management at Citibank US & Europe, CIO for Citigroup Portugal

• 2003 – 2004: MBA INSEAD
• 2004 – 2006: Director Sales & Marketing

Banking Industry at Intel

• 2007 – Present: Kapronasia
• 2014: Chomping at the Bitcoin

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A blockchain is a record of transactions, like a traditional ledger. These transactions can be a movement of value, goods,

• r secure data – a land title

as an example, or a government benefits record.

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Key Characteristics of Blockchain Technology

• Secure – Blockchain is designed to store information in a way that

makes it virtually impossible to add, remove or change data without being detected.

• Decentralized – Today, transactions are verified by a central

authority—like a government or a credit card clearinghouse. Blockchain applications could replace these centralized systems with decentralized ones, where verification comes from the consensus of multiple users.

5

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Blockchain Applications

Any scenario where an asset can be digitized is a potential blockchain use case.

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What is Bitcoin?

• Bitcoin idea was brought up by Satoshi Nakamoto in 2008.
• Traditional fiat currency is issued by a special department e.g.

national bank or a private bank with governmental permit.

• With Bitcoin, no particular institutes issue the cryptocurrency;

everyone in the world can mine a bitcoin in the system and trade with another person whoever would like to pay for it without involving any agency.

Bitcoin is a blockchain with an asset as the token.

Fiat currency transaction Bitcoin transaction

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ICOs….

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ICO VC Investment

Instrument Token Ownership in underlying Instrument Represents Typically not equity* Equity, often Voting Rights Stage Typically Seed for a specific project Seed-Growth Fund received Crypto Currency Legal Money Issuer Company or just a team based on a blockchain project No restrictions on industry, but registered Company with requirements Investor Anyone Accredited investors / funds Agency/Facilitator No need Law firm, Accounting firm, Security firm Trading market Digital coin exchange Private then Stock exchanges Regulation No regulation covering Tight control by the government

Differences between ICOs vs VC Investment

ICO and VC are similar ways to raise funds, however, they are different in many other aspects.

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Why ICO rather than get venture capital?

Startups Investors Regulation

• Fast: Traditional fund-

raising can take months

• r years.
• Attract Talent: Start-ups

normally struggle to hire top talent.

• Fewer Barriers: ICO’s

allow more start-ups to raise fund with less requirements and costs.

• Global: ICO projects

can raise from anyone anywhere.

• New: A completely

different investment

• tool. Very profitable so

far.

• No Agency: No need for

an Investment Bank or Legal Counsel.

• Less Regulated: More

flexibility for investors and issuers, higher potential risks

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Blockchain for Social Good

Although there are many different areas where blockchain can make a difference, we’ll focus on:

Political Economic Environmental Social

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Politics

Politics

Voting / Elections Media Politicians

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Problems and Solutions for Political Issues

Voting

• Corruption
• Cyber Attacks
• Election Rigging

Fake News

• Lack of

transparency

• Lack of Facts

Politicians

• False promises
• Inaction
• Lack of merit
• Personal interests
• Transparent
• Immutable
• Verify
• Trace
• Transparent
• Authentication
• Immutable

PROBLEMS SOLUTIONS

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Blockchain Platforms Improving Politics

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Societal Issues

Social

Representation

Security Information

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Problems and Solutions for Social Issues

Representation

• Identity under-

representation Information

• Mis-information
• Misguided public
• Communication

Security

• Fraud and

mistrust

• Identity registration
• Naming
• Transparent
• Immutable
• Distributed
• Authenticity in

purchases

• Secure data

PROBLEMS SOLUTIONS

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Institutions looking at Blockchain for Improving Social Issues

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Economic

Economic

Payments Inclusion Identification

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Problems and Solutions for Economical Issues

Payments

• Expensive
• Slow

Inclusion

• Corruption
• Misallocation

Lack of ID

• Registration

barriers

• Financial exclusion
• Cheaper
• Real time
• Transparent
• Immutable
• Distributed
• Secure

PROBLEMS SOLUTIONS

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Blockchain Platforms Improving Economic Development

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Environment

Environmental

Carbon Tax Treaties Recycling

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Environment

Carbon Tax

• Difficulty

measuring & sharing usage

• Controlling

incentives

• Reward tokens
• Smart Contracts
• Monitoring

PROBLEMS SOLUTIONS

Treaties

• Initial Agreement
• Monitoring
• Penalties

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Blockchain Platforms Improving the Environment

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Conclusion

• Blockchain offers a powerful mechanism to incentivize truth,

increase transparency, and has the potential to make various aspects of society work better

• It cannot bring about change alone, in order to bring about lasting

change, a variety of strategies and regulation will be required from both governments and corporates

• As with any new and developing technology, cybersecurity is of

paramount importance. Blockchain promises to be decentralized and somewhat ‘un-hackable’, yet the technology remains untested at scale

The potential applications of Blockchain for social good are varied and exciting, however it also has its limitations