The document provides an agenda for a knowledge sharing session on blockchain technology. It discusses key concepts like Bitcoin, what blockchain is, different types of blockchain networks, applications of blockchain technology including for money remittance and supply chain management. It also covers smart contracts and includes quotes from industry experts on the potential for blockchain to transform industries by enabling the "Internet of Value".
7. “Blockchain is to Bitcoin, what the internet is to email.
A big electronic system, on top of which you can build
applications. Currency is just one,”
Sally Davies
Technology reporter @ Financial Times
8. “We will never hear about people's Bitcoin accounts being
frozen or seized by a government agency.”
Roger Ver
Early Bitcoin Investor,
owner of bitcoin.com
9. “People ask me, ‘Are you going to sell your bitcoin [for fiat]?’
and I say, ‘Why would I sell the future for the past?’”
“I don’t know why anyone would want to go back to fiat when crypto is distributed,
secure and global, while fiat is subject to the whims of political forces”
Tim Draper
American venture capital investor
@600$ 30,000 2014 pd 10,000$ 2017 pd 250K 2022,
10. Vitalik Buterin
Founder of Ethereum
“In order to have a decentralised database, you need to have
security. In order to have security, you need to have incentives.”
11. Virtual currencies - This is not about digital payments
in existing currencies (Paypal, Alipay, etc..)
• Too volatile at the moment, so no risk to current fiat / bank
• Good for countries with weak institutions and unstable
national currencies
• Maybe one day easier and safer than obtaining paper bills
• No settlement risk
• No clearing delays
• No central registration
• No intermediary to check account and identities
Christine Lagarde
MD@ International Monetary Fund
16. No Commission
No Credit Card Fraud,
Charge-back Risk (Irreversible)
Global Payment Network
Wikipedia Expedia,
Payment Disruption
?
Not internet centric
20. History of Money
1500 1880-1914 WW1 1925-1931 1939-1945 1944-1971 1971 2008+
Gold was
recognized
a standard
medium of
exchange
international
trade
Classical
Gold
Standard
Breaking
down of the
Gold
Standard
Gold
Exchange
Standard
World War 2 Bretton
Woods
System
USA control
2/3 of world
gold
USA
abandoned
the Gold
Standard
(Under
President
Nixon)
USA QE
EU QE
JAPAN QE
21. Blockchain and Bitcoin
• Introduces Scarcity to Digital Assets
• Enables World Without Intermediaries
Blockchain
28. How Bitcoin works (UTXO)
UTXO
Unspent Transaction Output
Chain of spending cheques
https://davidederosa.com/basic-blockchain-programming/scripts-in-transaction-
29. https://bitcoin.org/bitcoin.pdf
Recipient’s Address
Hash is calculated from
1. Hash of Previous Tx
2. Input Address(es)
3. Output Address(es) ,
4. Transacted Value
Digital Signature =
Hash signed by transaction owner
Stored locally in sender’s device
How Bitcoin works (Transaction)
40. First Generation
Store of Value
Distributed Ledger
Second Generation
Smart Contract
Decentralized Application
Generation of Blockchain
41. Smart Contract Address
TX IN TX OUT
Smart Contract – Perfect for Financial Goods
Perform simple actions such as
1. Redistribution
2. Issuance
3. Locking and unlocking
Perfect fit for services handling security/derivative/digital assets
42. Smart Contract – Real World’s Simple Use Cases
We call the part interact with real world : Oracle
Smart Contract Smart Contract Smart Contract
45. “Web 1.0 was about publishing information, web 2.0
was about interaction, and web 3.0 is going to be
about value transfer on the internet”
Brian Armstrong
Coinbase CEO
60. Smart Dubai
3 Pillars of Smart Dubai
• Government Efficiency
• Paperless
• Visa application
• Bill payment
• License Renewal
• Industry Creation
• Real estate,
• Fin-tech and banking
• Healthcare
• Transportation
• Urban planning
• Smart energy
• Digital commerce
• Tourism
• International Leadership
62. GuardTime – KSI Blockchain
KMITL & NBTC to deploy its blockchain technology as
an integrity foundation layer for applications developed
under Thailand’s digital economy 4.0 initiative.
https://guardtime.com/blog/verizon-to-deploy-blockchain-platform-based-on-guardtime-technology
63. Thailand – National Digital ID Program
https://thaicryptoclub.com/main/2018/02/19/etda-national-digital-id-with-omise/
64. ฝ่ำยจัดซื้อ ฝ่ำยผลิต …… ฝ่ำยขำย
ทันทีที่ของขำยที่ผลิตขำยออกไป App จะบอกให้ฝ่ำยจัดซื้อสั่งซื้อวัตถุดิบใหม่ได้ทันที
แต่นี่มันไม่ต้องทำบน Blockchain ก็ได้นี่!
ลดกำรโกงและข้อผิดพลำด
เพิ่มควำมสำมำรถในกำรจัดกำร Inventory
ลดควำมล่ำช้ำจำกเอกสำร
ลดค่ำขนส่ง
อื่นๆๆๆ
Sample App: for Single but Very Big Organization
70. Transform Financial Service
Trade Finance
• Error from manual processes
• Siloed data lead to fraud, compliance, and audit risks
• Disconnected legacy systems
• Simplify Integration Between Banks, KYC
• Reduce Compliance Cost
• Reduce Fraud Risk
• New Business Opportunity
Commercial Insurance
• Siloed info, Lack of standardization
• Lack of real-time visibility into location and condition
• Difficulty of accurate underwriting and pricing
• Inefficient, paper-based tracking mechanisms
• High incidence of fraud and financial crime
• Reduce frictional cost, admin burden, faster payment
reconciliation
• Indisputable audit trail, lower fraud risk
• Improve data quality and real-time visibility
• Accurate and fair underwriting pricing
• Better risk assessment
Regulatory Compliance
• Duplicative and siloed data sources
• Time-consuming, manual review, reconciliation, and
auditing processes
• Maintaining data lineage across multiple systems
• Risk of data breach at multiple steps in the process
• Report in Consistent Format
• Secured Recording
• Aggregation of traditionally silo data sources
CURRENT PAIN BLOCKCHAIN EFFECT
71. Transform Financial Service
Claim Processing
• Time-consuming and expensive process
• Differing opinions between a claimant, insurer, broker,
adjuster, and more
• Customer frustration
• Threat of insurance fraud
• More Accurate through history
• Integrate all parties, reduce conflicts
• Automatic disbursement when criteria are met,
• Reducing hassle for beneficiary
• Reduced risk of fraudulent claims
B2B Contract Processing
• Time-consuming creation process for all parties
• Often requiring multiple in-person visits to the bank
• Repetitive verification process for any changes to the
agreement
• Heavy dependence on physical documents, which run
the risk of getting lost
• Superior customer experience, as customers no longer
have to make multiple bank visits
• Faster and easier document verification and approval
• Increased security and ease of access for documents
73. Election on Blockchain
August 2018, Japan
trialed the use of
blockchain technology
in its voting system
https://cointelegraph.com/news/blockchain-and-elections-the-japanese-swiss-and-american-experience
80. • Similar thing can be implemented on (traditional)
centralized technology (Client-server Application)
• There is at least trustful party which can provide
the centralized platform
• No party can fully trust each other
• Security and Immutability
• Perfect transparency
• Replacement of old tech that require open
standard.
Blockchain overkill if… What does Blockchain fit?
Blockchain Application Summary
82. Traditional Money Remittance
1. Alex goes to his local hawala agent and gives
him some cash and a password, which he and
Beth share.
2. The agent telephones Beth's local agent and
tells him to release funds to someone who can
provide the password.
3. Beth walks in to her agent, says the password,
and receives cash. Commissions can be taken
from either or both agents.
• Alex has to trust that his agent will do the right
thing, as he is handing over cash.
• Beth has to trust that her agent will do the right
thing, as she is expecting to receive cash.
• The agents need to trust each other over the
repayment of the debt (IOUs).
84. OmiseGo
• Real Time Transaction
• P2P Finance Transaction
• Cross currencies/assets
• Cross national borders
• Cross corporate ledger
=
85. Why OmiseGo’s Vision is so important?
Unbanked the banked
• It will disrupt the current payment landscapes
• Enable user to trade any value (currencies, store
loyalty, points, rewards, in-game point)
efficiently and at low cost across internet
“Cross-platform transactions means
grocery points could one day be
exchanged for air miles.”
86. OmiseGo – Road Map
This is the most
important component
in my opinion
93. Blockchain Adoption
Summary of Finding
• Efforts to Leverage the Decentralized Bitcoin
Security Architecture to Create and Develop a
Truly Democratic, Open and Decentralized
Internet Economy: The Cornerstone for
Growth in the Market
• Built for Disruption, Blockchain Rides High on
Benefits such as Decentralized, Distributed,
Tamper Proof, Proof of Existence, and
Permissionless
• Development of Global Standards and
Governance Guidelines to Spur Blockchain
into a Mainstream Alternative Technology for
Funds Transfer
• Immutable, Open Ledger Characteristics to
Make Blockchain Valuable in Supply Chain
Management
• Government Interest in Blockchain for
Protecting Critical Infrastructure Against the
Backdrop of Strong Proliferation of e-
Governance to Benefit Market Growth
https://www.strategyr.com/MarketResearch/ViewInfoGraphNew.asp?code=MCP-5001
95. Blockchain Adoption
1. The survey was conducted online between Nov. 14 and Dec. 1, 2016. It polled an initial
sample of 554 respondents, then focused on 308 senior executives in the U.S. at companies
with $500 million or more in annual revenue who completed the full survey and responded that
they have at least a broad understanding of blockchain as well as familiarity with and ability to
comment on their company’s blockchain investment plans.
https://deloitte.wsj.com/cio/2017/01/30/blockchain-adoption-varies-by-industry/