The three biggest opportunities for banks in the age of blockchain disruption: payments, identity and asset custody. How the decentralized paradigm poses both challenges and opportunities to incumbent institutions and governance structures. How open technologies are adapting to meet varying requirements and standards, and how important it is for technology and companies to be open and malleable.

1. BLOCKCHAIN
BUSINESS
IMPACT
D u b a i , O c t o b e r 1 0 , 2 0 1 7
@JuanLlanos @ConsenSys

3. © 2017 Juan Llanos
Source: Bloq

4. Source: William Mougayar

5. © 2017 Juan Llanos

6. Source: William Mougayar

7. © 2017 Juan Llanos

9. © 2017 Juan Llanos

10. © 2017 Juan Llanos

11. © 2017 Juan Llanos

12. It’s 2027…
…what nation in the world ser ves 1 billion global
citizens?
…what ser vices will you use from your own countr y if
you’re a digital citizen of 10 other nations?
…what will be the source of the countr y’s income if
cr yptocurrencies are eating up all taxation?
…what happens with countries that go on hyper
scaling more, i.e, 1,000% GDP growth per year?
…what happens to the countries that can’t find a role
in this new world?
Source: Kaspar Korjus

13. "We're 10 years ahead,
we go 10x faster,
and we're here to win."
© 2017 Juan Llanos

14. <DOWNside
+ > U P s i d e
© 2017 Juan Llanos

15. PARADIGMS
questioned
m o n e y
s o v e r e i g n t y
s e c u r i t y
r e g u l a t i o n
p r o p e r t y
i d e n t i t y
l a w
g o v e r n a n c e
© 2017 Juan Llanos

16. RETHINK
REDEFINE
REINVENT
1
© 2017 Juan Llanos

17. © 2017 Juan Llanos
DISTRIBUTED LEDGER
SMART CONTRACTS
CRYPTO-TOKENS

18. DISTRIBUTED
LEDGER
© 2017 Juan Llanos

19. © 2017 Juan Llanos

20. SMART
CONTRACTS
© 2017 Juan Llanos

21. © 2017 Juan Llanos
SMART
CONTRACT

23. © 2017 Juan Llanos

24. CRYPTO
TOKENS
© 2017 Juan Llanos

25. B U S I N E S S C R E AT I O N
VA L U E C R E AT I O N
M A R K E T C R E AT I O N
B L O C K C H A I N D E M O C R A T I Z E S
© 2017 Juan Llanos

26. © 2017 Juan Llanos
DISTRIBUTED LEDGER
SMART CONTRACTS
CRYPTO-TOKENS

27. RETHINK
REDEFINE
REINVENT
2
© 2017 Juan Llanos

28. PARADIGMS
questioned
m o n e y
s o v e r e i g n t y
s e c u r i t y
r e g u l a t i o n
p r o p e r t y
i d e n t i t y
l a w
g o v e r n a n c e
© 2017 Juan Llanos

29. L AW M A K I N G
R U L E M A K I N G
B U S I N E S S C R E AT I O N
VA L U E C R E AT I O N
M A R K E T C R E AT I O N
B L O C K C H A I N D E M O C R A T I Z E S
© 2017 Juan Llanos
D E C I S I O N M A K I N G

30. (SELF-)REGULATION BY
design feature
crypto-economics
© 2017 Juan Llanos

31. PRUDENTIAL
LAW
ENFORCEMENT
POLICY
• National Security
• Crime Fighting
• Consumer/Investor Protection
• Safety & Soundness
• Systemic Risk
• Job growth & wealth creation
• Development & sustainability
• Taxation
• Trade
• Monetary
POLICYMAKER
( S T I M U L A T I V E ) ( P R E V E N T A T I V E )
( P U N I T I V E )
REGULATOR
LAW ENFORCER
policy
supervision enforcement
© 2017 Juan Llanos

32. V I N A Y G U P T A
“automate away
the cost of running civilization”
mechanize rules & compliance
remove the need to remember the law
provide freelance governance-as-a-ser vice
produce smart statutes / digital law
create software definitions of law
© 2017 Juan Llanos

33. RETHINK
REDEFINE
REINVENT
3
© 2017 Juan Llanos

34. © 2017 Juan Llanos

35. © 2017 Juan Llanos
G L O B A L E - C O M M E R C E
P R O P E R T Y R I G H T S
R E S E R V E C U R R E N C Y
R E M I T T A N C E S
R E N E WA B L E E N E R G Y
I D E N T I T Y

36. Underground economy
© 2017 Juan Llanos
$10 TRILLION

37. © 2017 Juan Llanos
OPPORTUNITIES
OPPORTUNITIES
OPPORTUNITIES

38. © 2017 Juan Llanos
PAYMENTS
IDENTITY
ASSET CUSTODY

39. © 2017 Juan Llanos
PAYMENTS
PAYMENTS
PAYMENTS

40. 1
2
3
4
4a
5 6
7
S
R
Current Cross-Border Remittances Supply Chain
Cost incurred
© 2017 Juan Llanos

41. 1
2
3
4 5
6
S
R
Cost incurred
Next-Generation Supply Chain
(Digital Treasury & Settlement)
© 2017 Juan Llanos

42. S
R
Last-Generation Supply Chain
(P2P Transfers) (already possible today)
© 2017 Juan Llanos

43. © 2017 Juan Llanos
IDENTITY
IDENTITY
IDENTITY

44. © 2017 ConsenSys

45. © 2017 ConsenSys

46. Source: ID2020

47. KYC for loans
instant onboarding
win/win/win
© 2017 Juan Llanos

48. ASSET CUSTODY
ASSET CUSTODY
ASSET CUSTODY
© 2017 Juan Llanos

49. private key MGT & recover y
cyber vault services
© 2017 Juan Llanos

50. © 2017 Juan Llanos
PAYMENTS
IDENTITY
ASSET CUSTODY

51. RETHINK
REDEFINE
REINVENT
© 2017 Juan Llanos

52. SINGAPORE
© 2017 Juan Llanos

53. SINGAPORE
© 2017 Juan Llanos

54. DUBAI
© 2017 Juan Llanos

55. DUBAI
© 2017 Juan Llanos

56. THINK OCEAN
NOT LAKE
© 2017 Juan Llanos

57. @JuanLlanos @ConsenSys