MONTHLY REVIEW

BLOCKCHAIN
documents and reports review

A summary of the key Blockchain-related news globally.

APRIL 2020
VOLUME 01  ISSUE 04
 { Executive Summary }
April 2020 was a fantastic month in the space of blockchain and cryptocurrency projects. We are now
entering into the 'norm' of a new lifestyle, and are reassured that nothing will be the same after Covid-
19 is 'solved.' With most of the world under lockdown and not able to move, let alone travel, it
amazing to see how many people are attending the conferences/summits that are being held online,
something to think about for the future. It is even more challenging to say which project or topic was
the 'big news' of the month. What surely made it in this month: if the future of money with Chinese
CBDC lunch, new Libra 2.0 white paper, Blockchain, and Supply chain, Bitcoins halving and price
effects (to happen in May), the COVID-19 pandemic and blockchain solutions, Convergence of AI,
IoT and Blockchain, financial world and crypto-assets, adoption of cryptocurrencies such as Europe's
CBDC, and a bunch of well-written articles and much more.
Looking forward to the upcoming months…

To find out more, see this month's Blockchain review.

{ Key Takeaways }
01. The Covid-19 positive side is that new innovation is surfacing as it is a problem
to solve. What every the solution might be it should involve blockchain
technology and with it the concept of 'self-sovereign identity and share
data', 'just-in time supply chain', and other use cases as 'registry for the
workforce' and/or hospital devices such as respiratory machines. As the
economic costs of Covid-19 are yet not fully understood, we see the only
solution forward is med-tech backed up by blockchain.

02. CHINA CBDC – confirmed that China is launching its CBDC, possible release
by mid-2021. Why mid-2021, some out of the box thinking – 2022 Winter
Olympics are in Beijing. Unseen at this stage, but one may say that China has
a CBDC will change the world and how we do business forever. As China will
adopt the laws and regulations around CBDC and digital (crypto) currencies,
many Western states and companies will have to register and be part of their
blockchain network. Without an account, the business would be forbidden to
operate and eventually be closed. The most significant advantage/benefit
would be the fight against corruption, which is happening in China. The rest
of Asia will follow right behind China, followed by the European Union in
developing of CBDC's. Cash and the future of money and payments will be an
exciting topic for years to come.

03. Any of the 'popular hot' technologies as Artificial Intelligence, IoT, Robotics,
Machine Learning, and Blockchain will only benefit when they are
combined; otherwise, it doesn't make sense. No technology exists in a
vacuum. European Union is looking forward to combining these technologies
with the concept of Smart Cities.

04. Digital Currencies and Crypto-assets are being more favored as the world is
seeing the bad side of the 'banking' on their skin. Pre Covid-19 bad economic
situation was mostly happening far away and explained with specific bad
financial decisions. Now that we are all in the same situation and it doesn't
make a difference where you live, we are coming out with a global solution.
This is just a hint towards a global currency or even how things will be
recorded, exchanged, and tracked.
05. Great two documents came from World Economic Forum, both are regarding
Blockchain for Supply Chains and Interoperability topics, answering
questions as: can blockchains speak to each other, will the industry get one
global blockchain to rule them all, and what to think about when and how to
build enterprise blockchains.

06. Libra is probably the most loathed crypto out there, has morphed from 'simple
global payment system and financial infrastructure that empowers billions of
people' and came out with a new vision. There were changes to address
regulatory concerns, which are in-depth addressed in the white paper v2.0.
Key changes were around: offering single-currency stablecoins in addition to
the multi-currency chain, enhancing safety for the payment system, and
building strong protections into the design.

07. Bitcoin is on the horizon with its HALVING happening in May. Bitcoin is
maturing again; price is not going down. There is still considerable interest in
the currency, reasons being the economic depression which will happen after
Covid-19, and the halving of bitcoin when the miner's reward will be cut in half
and be 6.25 BTC.
{ List of Documents }
▪ BIS - COVID19 Cash and the Future of Payments (CBDC)
▪ BIS World Bank - Payment aspects of financial inclusion in the fintech era
▪ bitkom - Digitaler Euro auf der Blockchain
▪ Bloomberg - Bitcoin Maturation Leap
▪ BRI - Blockchain Solutions in Pandemics
▪ Deloitte - Future of money - Opportunities of CBDC in the Covid19 crisis
▪ dGen - CBDC Considerations for the Digital Euro
▪ EU - Technologies to Fight Coronavirus
▪ EU Blockchain - Converge of Blockchain AI and IoT
▪ EU Parlament - Crypto-assets Key Development Regulatory Concerns and Responses
▪ Forbes - CryptoAsset & Blockchain
▪ FSB - Regulatory Challenges Raised by Global Stablecoin
▪ Libra - A Differentiated View on Facebooks Digital Currency
▪ Libra - Cover Letter Libra 2.0
▪ PwC - Expanding Your Crypto Business in Asia - What You Need to Know
▪ PwC - Global Crypto M&A and Fundraising Report
▪ The Economist - Digimentality Fear and Favouring of Digital Currency
▪ WEF - Blockchain Deployment Toolkit - Supply Chain Focus
▪ WEF - Inclusive Deployment of Blockchain for Supply Chains - A Framework for Blockchain Interoperability
by: George Petrovic
https://www.linkedin.com/in/petrovicgeorge

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