Blockchain… From POC to Pilot & Production DamiendeChillaz
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Blockchain - December 5th, 2016
ThisisBig!
Source:WorldEconomicForum–Aug2016
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Blockchain - December 5th, 2016
WhyisitconsideredaRevolu'on…notjustanothernicetechnology?
Blockchainisleveraginganumberoftechnologies§ Cryptography§ Tokeniza>on§ Cloud§ Distributeddatabases§ DigitalAssets§ Digitalsignature§ Smartcontracts§ API§ IOT,telema>cs
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Blockchain - December 5th, 2016
It’sallaboutTrust…
§ Re-engineeringTRUSTinfinancialservice§ ConsideredaRevolu>onasbigastheInternet§ TheInternetwasabouttheInternetofInforma'on(websites)§ BlockchainisabouttheInternetofValue(transac>ons)…muchmoretouchy!
§ Onamorephilosphicalnote…§ InourSharingEconomy,TrustisshiLingfrombeingcentralized/Ins'tu'onal…toDistributed/PeertoPeer(AirbnB,Uber)§ BlockchainistheTechnologywhichwillenablethisfundamentalshiL
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Blockchain - December 5th, 2016
Iknowthat«WhatIseeiswhatyousee»…SharedThruth
Source:R3
§ ImpactonFront-end § ImpactonOpera'ons§ Back&Middleoffice§ Financial&Reg.repor>ng§ Compliance&KYC
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Blockchain - December 5th, 2016
Somedefini>onsandconcepts
§ ABLOCKCHAINisatypeofdistributedledger(database),comprisedofImmutable,digitallyrecordeddatainpackagescalledblocks
§ Thesedigitallyrecorded"blocks"ofdataarestoredinalinearchain
§ Eachblockinthechaincontainsdata(StateObject),andiscryptographicallyhashed
Shared ledger
B1 B3 B2 B4 B5
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Blockchain - December 5th, 2016
Let’stalkaboutDistributedLedgerTechnology(DLT)…notBlockchain
§ ADISTRIBUTEDLEDGERisaconsensusofreplicated,shared,andsynchronizeddigitaldatageographicallyspreadacrossmul>plesites,countries,and/orins>tu>ons
§ AblockchainisjustonetypeofDLT§ TheBitcoinblockchain,whichuses“Proof-of-Work”Mining,isthemostpubliclyprovenmethodusedtoachievedistributedconsensus
§ DifferentCONSENSUSmechanismsexistsuchasCorda(R3),Ethereum,Ripple,Hyperledger,Eris
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Blockchain - December 5th, 2016
KeyDLTconcepts
Source:R3
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Blockchain - December 5th, 2016
Publicvs.PrivateLedgers
PUBLIC/PermissionlessLedgers§ Alsocalledunpermissionedledgers,allowanyonetocontributedatatotheledgerwithallpar>cipantspossessinganiden>calcopyoftheledger.
§ BebersuitedforPeertoPeerstrabsac>ons
PRIVATE/PermissionedLedgers§ Some>mescalledprivateblockchains,allowfordistributediden>calcopiesofaledger,buttoalimitedamountoftrustedpar'cipantsonly(Nodes)
§ Bebersuitedforapplica>onsrequiringsimplicity,speed,andgreatertransparency
§ DatasharedonaNEEDtoKNOWbasis§ BeWersuitedforregulatedFinancialIns'tu'ons
TRUTHMachine TRUSTMachine
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Blockchain - December 5th, 2016
DLThasthepowertoaddressanumberof«pain-points»
.
Smart Contracts: From Hype to Reality (Oct 2016)
Blockchain a fundamental shift for Financial institutions (Nov 2015)
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Blockchain - December 5th, 2016
McKinseyhasiden>fied7genuineusescasesandassociatedpainpoints…whichcouldgenerateUSD80bntoUSD110bninimpact
Source:McKinsey
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Blockchain - December 5th, 2016
OverviewofUsesCasesbeingexplored
. Retail & Wealth
Commercial Banking
Capital Markets
Insurance
• TradeFinance&SupplyChainFinance• Banksyndica>on• KYC/AML
• Mortgage• Consumerrewards&loyalty
• PostTradeseblement• ReferenceData(securi>es)
• AutomatedClaimsProcessing(P&C)• PeertoPeerinsurance
Payments & Cards
• Digitalcurrencies• Interna>onalFundstransfers&Remibances
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Blockchain - December 5th, 2016
Talkingabout«Rewiring»theFinancialServiceIndustry…
Source:R3
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Blockchain - December 5th, 2016
Collabora'oniscri>caltomakeithappen
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Blockchain - December 5th, 2016
KeyconceptsoftheCordaplaiormandSmartContracts
Source:R3
Programminglanguages:JAVA/Kotlin
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Blockchain - December 5th, 2016
Illustra>onoftheSmartContractsontheTradeFinanceworkflow
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Blockchain - December 5th, 2016
BenefitsofDLT
Source:R3
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Blockchain - December 5th, 2016
Significantdesignchallengeshaveyettoberesolved…collabora>vely
Source:R3
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Blockchain - December 5th, 2016
Nowisthe>metotakeitfromLabtoProduc>on…butHOW?
1 2
1
2
WHY&WHAT?§ 2014:BitcoinBuzz§ 2015:Inves'ga'on§ Consor>ums/WEFonFintech
§ 2016:Tes'ng&ThoughtLeadership§ PoCson30+«UseCases»§ WEFonBlockchain&Digitaliden>ty§ BlockchainentersC-Suite
HOW?§ 2017:FromPoCtoPrototype&Pilot!§ Collabora>onwillbekey!
• Inside:IT,Ops,Digital,Business• Outside:Peers,Industrygroups,Regulator,Integrators&Consultants
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Blockchain - December 5th, 2016
The5Ps…fromPoCtoProduc>on
PoC
Permission
Production
PrototypePilot
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Blockchain - December 5th, 2016
CapgeminiisyourPartnerinthisJourney…fromPoCtoProduc'on!
StrongDevelopmentcapacityLegderagnosFc
ArchitectscombiningexperFseonDLT,newtechnologiesandlegacysystems
StrategicPartnershipswithintheDLTecosystem(consorFums,SoMwareproviders,Fintechs)
LeadershipinDigitalTransforma:onBanks&Insurance+Otherindustries
UnderstandingofRegulatory&Legalenvironment(KYC,AML,Basel2,ACPR)
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Blockchain - December 5th, 2016
Truecollabora>onandleadershipisneededtomakeithappen…fast
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Blockchain - December 5th, 2016
Contact
Damien de Chillaz Vice President – Blockchain Community Leader Financial Services Capgemini France [email protected] +33 6 64 85 63 07
www.capgemini.com
The information contained in this presentation is proprietary. © 2013 Capgemini. All rights reserved. Rightshore® is a trademark belonging to Capgemini.
About Capgemini With more than 120,000 people in 40 countries, Capgemini is one of the world's foremost providers of consulting, technology and outsourcing services. The Group reported 2011 global revenues of EUR 9.7 billion. Together with its clients, Capgemini creates and delivers business and technology solutions that fit their needs and drive the results they want. A deeply multicultural organization, Capgemini has developed its own way of working, the Collaborative Business ExperienceTM, and draws on Rightshore ®, its worldwide delivery model.
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