Oliver Naegele Founder & CEO
Oliver Naegele Founder & CEO 1 Agenda Workshop Blockchain - - - PowerPoint PPT Presentation
Oliver Naegele Founder & CEO 1 Agenda Workshop Blockchain - - - PowerPoint PPT Presentation
Oliver Naegele Founder & CEO 1 Agenda Workshop Blockchain - Definition & Technology - Usecases - ICO - Digital Identity Source: Wikipedia 2 Definition Blockchain Is a continuously growing list of records, called blocks, which are
- Definition & Technology
- Usecases
- ICO
- Digital Identity
Agenda Workshop Blockchain
Source: WikipediaIs a continuously growing list of records, called blocks, which are linked and secured using cryptography.
Definition Blockchain
Source: WikipediaBitcoin vs. Blockchain
Facts
1 Bitcoin = 6000 Dollar 144.61 GB Size 10353 Nodes > 7 min. Time Between BlocksBitcoin
Crypto-currency 2008 invented by Satoshi NakamotoBlockchain
Technology of a tamper- proof decentralized journals based on a P2P network
Facts
Every node has a copy of the current blockchain
Conclusion: Bitcoin <> Blockchain
Bitcoin network
Blockchain consists of
Blockchain - Terminology
Transactions Blocks Distributed Network LedgerBlockchain - Terminology- Distributed Network
Distributed NetworkP2P network Nodes synchronize No need for backups No downtime Insensitive for DDOS attacks
Bildquelle: Presentation Quantoz Henri de JongBlockchain - Terminology - Blocks
BlocksLink to previous block Timestamp Transactions Getting added to the blockchain by the miners (solving a math puzzle)
Bildquelle: Presentation Quantoz Henri de JongBlockchain - Terminology - Ledger
LedgerAn immutable and irreversible transaction database shared by all nodes Linked list of blocks
Bildquelle: Presentation Quantoz Henri de JongBlockchain - Terminology - Transactions
TransactionsContent of blocks Based on public key cryptography: Information “signed” with a private key can be “verified” with the public key (and reverse)
Bildquelle: TechEU-WebsiteDeep Backend =
Source: http://kevinkauzlaric.com/WHY Blockchain?
BLOCKCHAIN USE CASES
Source: LTP- Financial Instruments, Records and Models
- Public Records
- Private Records
- Other Semi-Public Records
- Physical Asset Keys
- Intangibles (Coupons, Vouchers & Tickets)
- Other
USE CASES
ICO Initial Coin Offering
https://blockchainhub.net
10 commandments of Digital Identities
WHY Blockchain?
LESSONS LEARNED?
BLOCKCHAIN – INTRODUCTION IN FINANCIAL MARKETS
④ BACKEND PROCESSES IT & Business Processes need to be adopted and renewed. ⑤ INTER INDUSTRY INTERMEDIARIS- Clearing Network
- International
- Mortages
- Money Transfer
- Wallets
Digital Identities
② B2B SERVICES- Insurance
- Payment
- Escrow
- Trusts
- Clearing & Settlement
- Stock Trade
- Sindicated Loans
10 COMMANDMENTS OF DIGITAL IDENTITIES
DIGITAL IDENTITY FOR A WORLDWIDE TRUST NETWORK
CROSS INDUSTRY SOLUTION
USE CASE #1 KNOW YOUR CLIENT
KYC Costs Other Costs#expensive #inefficient #time consuming #bureaucratic
KYC PHASES
KYC OPERATING COSTS: HEADCOUNT BURDEN
The activities that require most
- f
the resources are
- nboarding,
the first due to the fact that the data are usually scrutinized by analysts. The second because the suspicious transactions (estimated as from 2% to 5%) need to be manually checked.
~$ 10bn in AML Expenses ~$2.5bn savings NOW POST BLOCKCHAIN Source: Goldman Sachs, Company EstimatesKYC IS EXPENSIVE
Savings US$ 8bn
US$18 billion costs and fines in 2014
10% to 40% savings 25% savings
TRUST PROVIDER NETWORK
Participants act as trust providers Data management eGov If the information is up to date, the participant don’t have to check it again Other service providers Logos and symbols are for demonstration use- nly
Standardization
2 1 Sharing Workforce
Data Quality
3
ADDING VALUE TO THE PROCESS
INTEROPERABILITY WITH OTHER BLOCKCHAINS
SCALABILITY
USP BLOCKCHAIN HELIX
Compliant, GDPR
Self determination Privacy & Security Trust Provider Network
Shared Workforce Data Quality
ACHIEVEMENTS & CHALLENGES
GDPR Compliance & High Availability & Data Protection P2P data storage structure associated with cloud services allow high availability and is also GDPR compliant with data protection Alpha Version Trust Provider SDK White Labelling integration for Consortia Partners and Video Ident Provider Alpha Version End User Portal Identity Platform enabled on Cloud Foundery with Blockchain Backend Scalability The broad use of the platform will require high availability at high speed Network Effect Cost savings and data quality improvement will require broad adoption of the platform Standards Not only blockchain standards but also messaging and data structure standards may require extra attentionROADMAP
Dec.17- Feb. 18
- Mar. 18
- Apr. 2018
- Nov. 17
Alpha Version Trust Taker SDK B2B Solution for multi- national Treasury Alpha Version Mobile App Geographic Expansion KYC Running and implementation
- f new tools
Beta Version End-User Portal
CONTACT US
Münchener Straße 45 60329 Frankfurt +49 69 7158994-0- liver@blockchain-helix.com
Ali-Pasha
Ali Pasha is software developer for enterprise systems and a senior web developer. He is also a consultant for internet technologies. Since the ‘90s Ali Pasha has worked for corporations as well as in the startup scene. Starting 2006 he consults corporations in web issues and startups in how to successfully develop their visions by adding focus and- structure. He brings with
Lothar
Lothar has already worked in many projects regarding IT for institutions like Federal Republic of Germany, Mini and BMW. As a docker specialist, blockchain –enthusiast and fullstack developer, Lothar has been able to understand all aspects- f the technology,
Dang
Dang is a lawyer specialized in financial markets with an emphasis on structured products and derivatives. He focuses on the regulation of technology innovations which by altering the process of payment services might stimulate the reorganisation of the financial markets.Oliver
Oliver has been working as an IT specialist, consultant in the fields of IT security, enterprise Java portals, social media, intranet/extranet, IT infrastructure, databases and virtualization. He is also the founder of FinTech Headquarter, a community booster for the FinTech ecosystem and Blockchain LABs.CORE TEAM MEMBERS
LEGAL CTOSandra
Sandra is our very experienced marketing manager and has worked in marketing for many years before joining Blockchain HELIX, her love being people, online and community- management. Therefore
- ur communication and
Sam
Sam is an expert for digital products, services and team building. Additionally he has a deep understanding and experience of all things communication, that he used for his- wn clients like
BUSINESS MODEL
End users and participants will be charged in many different ways REQUEST
Trust Takers pay to take information This is the value charged by the use of the platform Trust Takers will also pay the Trust Providers based on the quality and type of information€2
REGISTER
Feature to be added with the further development of the platform Each contract registered will be charged by a small amount Based on Contract SizeTRANSACTIONS
Feature to be added with the further development of the platform When involving currencies, a percentage of the value transacted will be charged to pay the use of the platform Based on Transaction ValueENFORCEMENT
Feature to be added with the further development of the platform Each time the contract is enforced small amounts will be charged to pay the use of the platform Based on Processing Power NeededCompetitor charge 5 € per request at a total of 140.000.000 requests per year