LBChain platform-service Phase I overview Andrius Adamonis

Project manager 6 February 2019 Vilnius

1.

What is LBChain

2.

Pre-commercial procurement

3.

I phase results overview

4.

Fintech selection criteria

8 February 2019 2

Contents

What is LBChain ?

What is LBChain ?

8 February 2019 4

Technological / regulatory sandbox

Relevant to: Fintechs, startups,

IT enthusiasts, small/medium IT companies

LB regulatory support Platform provider IT support

LB test users and data Fintech & LB use cases

Goals

8 February 2019 5

Accelerate the development and application of

blockchain-based solutions in the financial sector

Improve the quality of regulation in

the financial sector

Vision

8 February 2019 6

LBCHAIN PLATFORM-SERVICE

REGULATORY SANDBOX

FINTECH STARTUP JOURNEY

FINANCIAL LICENCE

Test platform Non-public

testing Tech./reg. support

Public testing Regulatory

support Impunity

IDEA MVP PRODUCTION

Fintech with MVP

Pre-commercial procurement

Pre-commercial procurement

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Project timeline

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March 2018: Start of Phase I

September 2018: Start of research phase

December 2018: Research results

February 2019: Start of Phase II

June 2019: Prototype testing

September 2019: Start of Phase III

October 2019: Final platform testing

January 2020: Launch of LBChain

I phase overview

Selected suppliers

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Blockchain base technology platforms for LBChain

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LBChain Process vision (FinTech journey)

Pre-application

• Website • Tech. & reg.

consultation • Review

Criteria

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Selection • Submission of

application • Application

evaluation • Invitation • Onboarding

Development & testing

• Tech. & reg.

consultation • Regular

meetings • Testers

database

Exit

• Demo day • Feedback • Moving the

product to another environment

Roadmap for II phase

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1st March -

•Design thinking

1st April -

•LBChain Development and testing (co-creation)

•Fintech product development/migration

1st May -

•LBChain Development and testing (co-creation)

•Fintech product development/migration

1st June -

•Platform Pilot testing

•Fintech product testing

•LBChain testers

1st July -

•Corrections and modification

LBChain team

8 February 2019 15

Jekaterina Govina

Austėja Šostakaitė

Giedrius Ruseckas

Sigutė Stankevičiūtė

Lukas Jakubonis

Andrius Plečkaitis

Andrius Adamonis

LBChain platform-service co-creation Fintech selection criteria

Lukas Jakubonis Senior Lawyer

6 February 2019 Vilnius

Participant selection criteria

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Level of innovation

Market potential

Level of readiness

PR as Co-creation

Blockchain tools

Consult & support

Product testing

Venture capitalists

Why join?

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Action

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Q&A, submit fintech applications

7 -15 February

Shortlist of applicants, interact with suppliers,

18-28 February

Sign agreements by 4 March

www.lb.lt/en/pre-commercial-procurement

Thank you! LBCHAIN TEAM lbchain@lb.lt aadamonis@lb.lt 6 February 2019 Vilnius

Photo credits Fotolia