BLOCK CHAIN TECHNOLOGY

Sampath Kumar
 Technology
A Timeline Journey of Blockchain over the years

B Strategic
Consists of SWOT Analysis and Competitor
Analysis
Analysis

C Process Flow
High level generic flow of the process

Benefits
D Business Benefits of blockchain
BLOCKCHAIN
TECHNOLOGY TIMELINE
• Leading-edge banks see the value of blockchain and
begin deployments for asset classes that are bilaterally
traded and/or have no central clearing/authority • Blockchain adoption is
• Regulatory certainty drives for adoption for external uses considered mainstream
• Regulatory authorities realize the benefits of blockchain for and integral to the capital
auditing and compliance, and rule making begins market ecosystem

2016 - 2017
Early Adoption

2015 2018 - 2024

Exploration &Investment Growth
2025
• Banks begin to see the benefits accorded to early Maturity
• Initial capability & Use
adopters and combined with regulatory guidance
Case assessments
and certainty - the network effect takes hold
• Early Adoption likely for
• New service providers and models emerge
internal reconciliation
• Deployments go viral across numerous asset
classes
• New products and services are created; incumbent
processes and services are discarded
 SWOT ANALYSIS
Strengths Weaknesses
•

S W
• Creation and real time
movement of digital assets
• Embedding trust rules inside
transactions and interactions
• Time-stamping, rights and
ownership proofs
• Resistance to single points of
failure or censorship
SWOT • Self execution of business
logic with self enforcement
Lack of ledger interoperability
• Skill scarcity
• Immature scalability
• Lack of trust in new
technology suppliers
• Lack of hardened/tested
technology
• Customer unfamiliarity and
poor experience

Opportunities Threats
• Reduced transaction costs
• Regulatory Uncertainty
•

O T
Reduced fraud
• Complex technology
• Reduced systematic risk
• Collaboration Challenges
• Monetary democratization
• Trust Issues
• New business-model
• Technology failures
enablement
• Divergent blockchains
• Application rationalization and
redundancy
 HOW DOES BLOCKCHAIN WORK?
Blockchain Technology
The Blockchain is a decentralized ledger/record of all transactions across a peer-peer
network. Using this technology, participants can confirm transactions without the need
for a central certifying authority. Each ledger is know as a "Block". It is a distributed
database that maintains a continuously growing list of data records, known as a
"Chain".

Transaction
Complete
Data mining
The new block is then added
Validation to an existing chain,
transactions are complete and
Transaction Approved transactions are permanent
represented as blocks and
Request added to a public ledger
Individual nodes receive
request and validate the
transaction using an algorithm
Once party requests a
transaction, they are funneled
into a P2P network and
broadcast to each individual
computer (or node)
Business Benefits of Blockchain
Audit and Compliance
Enabling real-time transaction-level
assurance and providing additional
transparency to stakeholders
Identity Management
Authenticating identity on a blockchain for
credential, identity, and loyalty and rewards
program management
Payments, royalties and licensing
Automating predetermined contract terms
and enabling faster royalty payments and
subscription revenue settlements, while
increasing trust in customer data
Asset Traceability
Tracking goods and parts along the supply
chain and throughout their life cycle to
improve decision making about inventory
management and repairs
Finance
Accelerating settlement times and minimizing
disputes and reconciliations throu8gh automated,
real-time, three way matching and billing, and
seamless cross-border payment s
Tax and Customs
Automating and streamlining compliance
burdens by executing transactions
precisely and reliably while automatically
generating documentation
Thank You