3. { : }
Agenda
Relevance of our partnership
The Promise of Blockchains
Challenges of Blockchain Adoption
MongoDB & BigChainDB
4. MongoDB Inc,
700+ employees 3000+ customers
Offices in London, NY & Palo Alto and
across EMEA, and APAC World Class Advisory
5. How we drive value
Dramatically
reduce TCO
Reduce Risk for
mission critical
applications
Accelerate time
to value
Use data and
technology to gain
competitive advantage
6. We bring next generation platforms to life
Powering Single
View use cases
Modernizing
Mainframes and
increasing resilience
Enabling
micro services,
a driver for
transformation
NOW:
The underpinning
for Blockchain
9. Why: The benefits are enormous
“Numerous research reports put potential efficiency
gains to financial services from blockchain at between
$15bn and $20bn. Already today, using blockchain-
based applications, companies could bring the cost of
a cross-border transaction down from $25 to $1 or $2.
This will drive adoption.”
-Oliver Bussmann
– Bussmann Advisory and ex-Group CIO of UBS
FT: Banks will not adopt blockchain fast
10. IBM: Leading the pack in blockchain banking
Strategy is already being defined
16. My Background at Barclays
• Started looking at Blockchain “side of desk” in early 2014
• Became officially full time October 2014
• Identified now over 60x use cases, completed 20 experiments and now
moving into develop pilots
• Founder member of R3 consortium
• April 2016 became the first UK bank to offer accounts to Blockchain
companies
• PoCs and Accelerator companies…
17. Why Blockchain
FI’s Have Recognised the Potential of Blockchain…
• Met with over 300 Blockchain Companies
• SME’s have delivered live pilots, and over 60
PoCs
for Tier one Global Bank
• Highly networked with access to global network
of founders~
• Former Gartner Head of Digital Banking
leading research tool build out
• 3 of the top 20 Global Fintech SME’s (rated by
City AM)
• Advisors to Governments, Central Banks and
Regulators globally
But are struggling to convert that into value
creating product…
• DAH raised $60M
• R3 consortium 55
banks / exchanges /
asset managers
• Visa / Nasdaq invest
$30M in Chain.com
• CLS Announced first
large scale project
• Total value of
Blockchain investment
exceeds $2bn
• Start-ups struggling with access and SME knowledge to impact Post
Trade, Trade Finance, Identity and Provenance use cases
• Early Bitcoin companies closing or seeking funding outside the USA
• Second wave of Blockchain start-ups based on Ethereum (e.g.
Clearmatics, Axoni) now progressing with banks behind closed doors
• Banking on Blockchain brings commercial and execution expertise to turn
this potential into ARR for these start-ups
We have collated the insights to find value for banks… And assembled the team that allows us to deliver value…
18. Blockchains without the Coin?
• Recent discourse has evolved. There’s now an argument over what The Blockchain is. Is it the actual
code and network that supports Bitcoin?
• Bitcoin’s breakthrough was to have everyone share an entire copy of an entire ledger. The opposite of
what banks do, but it introduced new problems
• Replicating all data to all nodes isn’t compatible with data privacy legislation banks need to adhere to, it
also places uncomfortable amounts of control on core devs and mining conglomerates (consider there
are 192 SWIFT members, vs 9 dominant miners)
• Richard Brown (R3) described a continuum in 2014 (pictured below) where there are a set of design
choices and trade offs to be made depending on what you’re trying to achieve.
Traditional
Financial Services
Centralised
Bitcoin
Decentralised
Opportunity Space
Ripple
Stellar
Ethereum
Counterparty
Eris Industries
BigchainDB
19. “Blockchain” – A Three Layer Model
There are a number of technologies all being called “Blockchain”
• In addition within each of these technology types, there are a number of approaches each with their own world
view and terminology
• The diagram below attempts to simplify this by abstracting the broader concepts
• The diagram on the right then puts this in the context of Bitcoin (as a reference only)
Shared Ledger - “The Database”
Smart Contract “The Middleware”
Application “The Interface”
Three Layer Model
Shared Ledger e.g. “The Blockchain”
Smart Contract e.g. “Unspent txn Output”
Application e.g a “Bitcoin Wallet”
Three Layer Model applied to Bitcoin
A
SC
SL
A
SC
SL
20. Smart Contract Implementation Types
Smart Contract is a loaded term that means something very different to lawyers than software
engineers
• Smart Contract Code: Code that governs something important or valuable and executes “everywhere”
• Smart Legal Contracts: Replace or re-implement paper contracts with smart contract code
• The DAO / DAO’s: An entire organisation incorporated using smart contract code, including bylaws, asset
ownership and governance
The Diagram below shows these broken out
• Note: The term “contract” creates a great deal of confusion for a type of software that is actually highly varied and fragmented in approach and design
• Note 2: However the potential for both replacing existing legal agreements and creating entirely novel agreements is still highly exciting
• Note 3: There are now a good number of start-ups offering a mixture of SC1 and SC2 implementations
Smart Contract “The Middleware”
The DAO / DAO’s
Smart Legal Contracts
Smart Contract Code
SC
SC1
SC2
SC3
21. Three Layer Model Example –
Application Layer (A)
The App layer can be changed easily without changing the underlying technologies
• From 2013 developers began to use the underlying Bitcoin infrastructure (miners, Blockchain and UTXO) to
perform other tasks. This is arguably the simplest change, but is not the focus financial services players to date
• The diagram on the left shows Bitcoin in the standard configuration
• The diagram on the right then shows what a different application might look like with the two base layers
unchanged
Shared Ledger e.g. “The Blockchain”
Smart Contract e.g. “Unspent txn Output”
Application e.g. “Bitcoin Wallet”
Three Layer Model
Shared Ledger “The Blockchain”
Smart Contract “Unspent txn Output”
Application “Notary Service”
Three Layer Model applied to Bitcoin
A
SC
SL
A
SC
SL
22. • Conceptually the idea is to create one “global” ledger for the world rather than each bank maintaining books and
records separately
• Below is a scenario where multiple banks and corporates need to keep up to date with where their assets and
liabilities are (image courtesy for Richard Brown www.gendal.me )
Today Tomorrow
Reconciliation through paper, many databases
2 – 5 day settlement of transactions
Reconciliation through cryptography “mining”
2 – 5 second settlement of transactions
The Shared Ledger (SL) Concept
23. Smart Contract and Shared Ledgers
Summary
Shared Ledger
Smart Contract
Application
Three Layer Model Three Layer Model exploded
A
SC
SL
A
SL1
SC1
SC2
SC3
SL2
SL3
Applications remain simple / programmable
Smart Contract Code
Smart Legal Agreements
The DAO / DAO’s
Private
Permissioned
Permissionless
A
B
Notary
Tokenised
24. What is it?
A registry for start-ups to record ownership and founder equity on a blockchain. They have
signed up 6 pilot customers (Changetip, Peernova, Chain.com, Tango, Vera and Synack). The
NASDAQ pilot facilitates the issuance, cataloging and recording of transfers of shares of
privately-held companies on The NASDAQ Private Market.
Why?
Ttypically founder share agreements are verbal, leading to issues at seed and Series A. By contrast
the NASDAQ pilot provides customers with agreed state of equity, the shared history of ownership,
backed up by the network and fixed in the blockchain history. This eases dispute resolution
procedures and ensures data integrity and freedom from corruption.
How did they do it?
They implemented a standard implementation of Chain.com (which is a forked version of Bitcoin
itself). It essentially shared the data between nodes and uses a modified mining algorithm to
sign the transactions
Could they have done this without a Shared Ledger or Smart Contract stack?
Yes, but the audit transparency / certainty would be removed.
Industry Case Study – NASDAQ LinQ
(Chain.com)
SL1A : Peernova
SC1: Chain.com
App: NASDAQ
Breakdown
App: NASDAQ has not
released details about
the App
Smart Contract: TDG
assumes Chain.com
uses a private version
of UXTO
Shared Ledger: Private
Notary Shared Ledger
to record ownership
25. What is it?
A customer uses an app embedded in the dashboard of a car to “sign” for a car rental contract
digitally. A “smart contract” (computer code) running on a blockchain records that legal
agreement, and is then able to use that authority to unlock the car and complete the payment
with Visa.
Why?
To create a seamless consumer experience around car rental, for the transparency / audit trail a
blockchain provides. The longer term aim is that cars themselves would use Smart Contracts
to be able to manage their own time (think Uber / Automated cars), a consumer would rent the
car itself for a small period of time. The car itself would manage the administration.
How did they do it?
Leveraging DocuSign's Digital Transaction Management (DTM) platform, eSignature solution
and APIs together with the Visa Token Service for secure payment processing.
Could they have done this with a DevOps stack?
Yes, in fact most of it is on DevOps, it’s unclear what (if any) smart contract solution they’re
using or if its proprietary
Industry Case Study - Visa, Docusign Car Rental
Unknown / VISA
SC2: Docusign
App: Docusign
Breakdown
App: Docusign bespoke
Smart Contract:
Docusign bespoke
Shared Ledger:
Unknown if there is any
shared ledger at the
back, may be helpful for
audit purposes. Visa
payment engine used
26. The Next 12 Months
Building on early PoCs with regulatory involvement
• The regulatory reaction to the subject of “blockchain” has been interesting. Whilst
Bitcoin as a virtual currency without control presents a few issues, it’s stagnation in
recent years has largely stemmed the flow of regulation in that arena.
• Regulators and governments absolutely see the benefits of the technology and appear
content to allow the subject to evolve. Regulator feedback to new design choices will
be crucial in coming years.
• CFTC speech
• UK Government Office for Science report
• Bank of England / UCL / RS Coin – Governer Carney Remarks
(Impact on liquidity risk, focus on DLT for resilience)
• We’re now seeing the beginnings of free market competition with solutions like Axoni (in
which 7 banks and DTCC collaborated), R3 and Digital Asset now potentially evolving a
VHS / Betamax format war. Pay particular attention to recent CLS announcement.
• There is a lot of whitespace – wherever legal document automation is required.
Payments and settlement likely the last to change because of their complexity
27. Key Remaining Challenges
Education
• Given the context laid out in this deck, it appears many are still assuming “classic”
blockchains need to be made to fit the scale challenges of banks. Instead of starting
with bank requirements and seeing what blockchain characteristics apply
• The C-Suite understands it’s got hype, but need people they can trust who can
• Understand how banking works today
• Fully get the complexity of the evolving “blockchain” space
• Successfully translate those into business cases
• Can bring the control teams and stakeholders across a large organisation on that
journey
Skills
• Finding and recruiting the right skills into the right team structure will be a key challenge
as the subject scales
• Many hidden gems inside a large organisation!
28. Research Invest Experiment
✓ Met / Qualified 100s of start-ups
✓ Filtered based on SME
knowledge
✓ Database of Start-up
Capabilities
• Research Portal for Banks
• Curated Knowledge Base
• Database of Start-up
Capabilities
✓ SME led deal flow
✓ Business Case and Tech
DD
✓ Network of FI’s as
customers
• Direct investments
• Co-investments
• Partnerships
available
✓ Knowledge of Good / Bad Use
Cases from prior experience
✓ Experience delivering inside
banks
• Proof of Concept
• Pilots and Consortia
Building
• Live Delivery Support with
compliance / control
training
Market Leading Blockchain Insights
29. Simon Taylor / World leading Blockchain SME and Fintech Influencer
• Led Barclays Blockchain R+D team completing over 60
experiments and 4x pilots in development as of June 2016
• Trusted advisor to UK Government, Bank of England, Tier 1
Banks, Asset Managers and Investors
• World leading subject matter expert with a highly influential
network in the Blockchain ecosystem
• WEF Fintech Advisor 2015 - Present
• UK Government and Bank of England Advisor
• Consultant for top 20 Global Banks on Blockchain
• Led development for Barclays to become first Bank to Offer Bank accounts to
Blockchain Companies in UK
• Personally met with over 300x Blockchain companies
Chris Skinner / CEO & Managing Director
• Author of the bestselling book Digital Bank and its new sequel
ValueWeb,
• Contributor to BBC News, Sky News, CNBC and Bloomberg.
• Chair of the European networking forum: the Financial Services
Club
• Voted one of the most influential people in banking by The
Financial Brand
• Named one of most influential people in financial technology
by the Wall Street Journal’s Financial News.
• C-Suite relationships with Tier 1 Banks Globally
David Brear / Investment Director „Right money in the right places“
• Voted as one of the most popular business and FinTech influencers
by City AM, WSJ & BBC.
• Advising to banks, regulators & governments
• Global Director of Digital Banking in Gartner with senior roles before
this at Infosys, Lloyds Banking Group, Aviva and Foolproof.
• Over 10 years working at an agency, consultancy and on the client side
for a number of top financial services global brands.
• Key note speaker at Money 2020, Next Moneyand Finnovate
The Team
30. Thank you!
We believe financial services is only 1% done and with the power of modern technologies like Blockchain there is
significant value to be unlocked. 11:FS team have built digital banks, research portals, benchmarking products and fintech
labs across a range of financial services disciplines. Be sure to follow @11FSteam and our podcast @Fintechinsiders which
is available on iTunes now!
October 2016
11:FS is a Global Advisory Firm who are recognised subject matter experts in Fintech
11:FS
www.11fs.co.uk
simon@11fsc.o.uk
@sytaylor
@fintechinsiders – fintech podcast goodness on the go
Simon Taylor – Co founder and Blockchain Director at 11:FS
31. { : }
Agenda
Relevance of our partnership
The Promise of Blockchains
Challenges of Blockchain Adoption
MongoDB & BigChainDB
32. The Challenges of Blockchain Adoption:
Interoperability, Integration & Scale
Bruce Pon – Co-Founder & CEO of BigchainDB
35. In this talk:
1.How Interledger solves blockchain interoperability
2.Future opportunities and the Internet of Value
3.Why Ripple & BigchainDB are the companies to work
with
97. Internet Is A Simple Protocol With A Layered Architecture
IP
WIFI BLUETOOTH ETHERNET
Internetwork
Network
Transport TCP UDP
Application HTTP SMTP NNTP NTP RTP
98. ILP
BIGCHAINDB RIPPLE
ISO 20022 BITCOIN ETHEREUM
Interledger
Ledger
Application SPSP PPSP ...
Interledger Is A Simple Protocol With A Layered
Architecture
113. CONFIDENTIAL
PROPRIETARY AND CONFIDENTIAL; Contents are proprietary to Ripple and provided on the condition of confidentiality. Provided information may be disclosed,
reproduced and used only in accordance with a written agreement with Ripple. No implied licenses are intended and all rights are reserved.
Payments are the foundation to
connecting a financial
ecosystem.
114
PROPRIETARY AND CONFIDENTIAL; Contents are proprietary to Ripple Labs and provided on the condition of confidentiality. Provided information may be disclosed,
reproduced and used only in accordance with a written agreement with Ripple Labs. No implied licenses are intended and all rights are reserved.
CONFIDENTIAL
Why Payments?
114. CONFIDENTIAL
PROPRIETARY AND CONFIDENTIAL; Contents are proprietary to Ripple and provided on the condition of confidentiality. Provided information may be disclosed,
reproduced and used only in accordance with a written agreement with Ripple. No implied licenses are intended and all rights are reserved.
Make cross-border payments truly efficient for
banks and their customers.
115
PROPRIETARY AND CONFIDENTIAL; Contents are proprietary to Ripple Labs and provided on the condition of confidentiality. Provided information may be disclosed,
reproduced and used only in accordance with a written agreement with Ripple Labs. No implied licenses are intended and all rights are reserved. CONFIDENTIAL
Ripple’s Mission
115. CONFIDENTIAL
PROPRIETARY AND CONFIDENTIAL; Contents are proprietary to Ripple and provided on the condition of confidentiality. Provided information may be disclosed,
reproduced and used only in accordance with a written agreement with Ripple. No implied licenses are intended and all rights are reserved. 116
Today: International Payments Require a Relay Process
Central
Counterparty
Sending
Correspondent &
Liquidity Provider
Receiving
Correspondent
Central
Counterparty
Sending
Institution
Receiving
Institution
Key Problems
Limited Access: Intermediaries, single liquidity provider
Lack of Certainty: Unidirectional messaging
Duration (2-4 Days): Limited by settlement windows
High Cost: Processing, operations, FX, liquidity cost
116. CONFIDENTIALPROPRIETARY AND CONFIDENTIAL; Contents are proprietary to Ripple and provided on the condition of confidentiality. Provided information may be disclosed,
reproduced and used only in accordance with a written agreement with Ripple. No implied licenses are intended and all rights are reserved. 117
Today: Direct Global Reach Is Costly
Costs associated with nostro accounts: liquidity, regulations, compliance, risk
117. CONFIDENTIAL
PROPRIETARY AND CONFIDENTIAL; Contents are proprietary to Ripple and provided on the condition of confidentiality. Provided information may be disclosed,
reproduced and used only in accordance with a written agreement with Ripple. No implied licenses are intended and all rights are reserved. 118
This Is A Structural Inefficiency
Sending Bank Receiving Bank
Ledger
Record Keeper
Settlement requires a trusted counterparty Creating network silos
118. CONFIDENTIAL
PROPRIETARY AND CONFIDENTIAL; Contents are proprietary to Ripple and provided on the condition of confidentiality. Provided information may be disclosed,
reproduced and used only in accordance with a written agreement with Ripple. No implied licenses are intended and all rights are reserved. 119
…Which Distributed Financial Technology Addresses
Creating interoperable networksDecentralized architecture eliminates need
for intermediaries
119. CONFIDENTIAL
PROPRIETARY AND CONFIDENTIAL; Contents are proprietary to Ripple and provided on the condition of confidentiality. Provided information may be disclosed,
reproduced and used only in accordance with a written agreement with Ripple. No implied licenses are intended and all rights are reserved. 120
Ripple Modernizes the Payments Infrastructure
Applications
Banks
Risk & Governance
Rule Sets
Messaging
Settlement Infrastructure
120. CONFIDENTIAL
PROPRIETARY AND CONFIDENTIAL; Contents are proprietary to Ripple and provided on the condition of confidentiality. Provided information may be disclosed,
reproduced and used only in accordance with a written agreement with Ripple. No implied licenses are intended and all rights are reserved.
Messaging
121
High-Level Architecture
Ripple
Connect
Sending Bank
Ripple
Connect
Beneficiary Bank
Settlement
121. CONFIDENTIAL
PROPRIETARY AND CONFIDENTIAL; Contents are proprietary to Ripple and provided on the condition of confidentiality. Provided information may be disclosed,
reproduced and used only in accordance with a written agreement with Ripple. No implied licenses are intended and all rights are reserved. 122
Ripple: Focus on Cross-Border Transactions
122. CONFIDENTIAL
PROPRIETARY AND CONFIDENTIAL; Contents are proprietary to Ripple and provided on the condition of confidentiality. Provided information may be disclosed,
reproduced and used only in accordance with a written agreement with Ripple. No implied licenses are intended and all rights are reserved.
PROPRIETARY AND CONFIDENTIAL; Contents are proprietary to Ripple and provided on the condition of confidentiality. Provided information may be disclosed,
reproduced and used only in accordance with a written agreement with Ripple. No implied licenses are intended and all rights are reserved. 123
123. CONFIDENTIAL
PROPRIETARY AND CONFIDENTIAL; Contents are proprietary to Ripple and provided on the condition of confidentiality. Provided information may be disclosed,
reproduced and used only in accordance with a written agreement with Ripple. No implied licenses are intended and all rights are reserved. 124
124. CONFIDENTIAL
PROPRIETARY AND CONFIDENTIAL; Contents are proprietary to Ripple and provided on the condition of confidentiality. Provided information may be disclosed,
reproduced and used only in accordance with a written agreement with Ripple. No implied licenses are intended and all rights are reserved. 125
1 Bi-directional Messaging ● Pre-transaction communication
● Flexible structured message data
● Context driven messaging
● Real-time liquidity monitoring
2 Real-time Settlement ● Settlement integrated with messaging and FX
● Atomic processing of complex transactions
● 24/7 real-time inter-bank settlement
3 Liquidity Management ● Option for competitive third-party FX marketplace
● Flexibility to use multiple liquidity models
● Pathfinding capability to optimize transaction costs
Capabilities Enabling Features
Key Enabling Capabilities with Ripple
125. CONFIDENTIAL
PROPRIETARY AND CONFIDENTIAL; Contents are proprietary to Ripple and provided on the condition of confidentiality. Provided information may be disclosed,
reproduced and used only in accordance with a written agreement with Ripple. No implied licenses are intended and all rights are reserved. 126
Financial Technology Company
With Expertise in Global Financial Settlement
150 Employees
65% Engineering Talent
4 Offices Worldwide
San Francisco HQ
London Europe
New York North America
Sydney APAC
Financial Services
• J.P. Morgan
• Citigroup
• HSBC
• DTCC
• Visa
• PayPal
Technology
• Google
• Apple
• Amazon
• Bitcoin
• NSA
• MongoDB
Regulations
• Federal Reserve - NY & Board of Governors
• SEC
• Promontory
Team Experience
• Fiserv
• ACI
• Monitise
• Oracle
• NASA
• Qualcomm
126. CONFIDENTIAL
PROPRIETARY AND CONFIDENTIAL; Contents are proprietary to Ripple and provided on the condition of confidentiality. Provided information may be disclosed,
reproduced and used only in accordance with a written agreement with Ripple. No implied licenses are intended and all rights are reserved.
100+
30+
10 Production
Pilot
Active Partners
127CONFIDENTIAL
Market Traction
First production implementations of blockchain at a bank
127. CONFIDENTIAL
PROPRIETARY AND CONFIDENTIAL; Contents are proprietary to Ripple and provided on the condition of confidentiality. Provided information may be disclosed,
reproduced and used only in accordance with a written agreement with Ripple. No implied licenses are intended and all rights are reserved.
Sample Customers & Partners
128. CONFIDENTIAL
PROPRIETARY AND CONFIDENTIAL; Contents are proprietary to Ripple and provided on the condition of confidentiality. Provided information may be disclosed,
reproduced and used only in accordance with a written agreement with Ripple. No implied licenses are intended and all rights are reserved. 129
133. What is a Blockchain?
blockchain
block·chain·ˈbläk-chān
Noun
1. (1991) hashed-chain of blocks
2. (2008) storage that is decentralized, immutable and holds digital assets
Adjective
1. (2015) a system with the characteristics of decentralized control, immutable and holds digital /
digitized assets
134. 0 50 100 150 200 250 300 350
0
200,000
400,000
600,000
800,000
1,200,000
175,000
367,000
537,000
1,100,000
Nodes
Writes/s
Netflix Uses 37%
Of The Internet
Bandwidth
Using a modern distributed “big data” database
135. Two Ways to solve the Blockchain scale problem
1
Big Data-fy Blockchains
2
Blockchain-ify Big Data
… but how to blockchainify?
- Build on person-decades of work
- Significant scalability hurdles
- Build on person-centuries of work
- Scalability challenges already resolved
or
136. Architecture – Decentralized Federation
MongoDB consensus
Consistent and Resilient
Blockchain consensus
Trust is distributed BigchainDB
Federation
MongoDB
Platform
ALICE
BOB
137. 13
8
Scaling with BigchainDB + MongoDB
THROUGHPUT
>1,000,000 writes/s
~100,000 transactions/s
LATENCY
<100 ms
CAPACITY
Petabytes with each
node adding 48TB
QUERY
Database is fully queryable
SCALABILITY
Performance increases as
nodes are added
DECENTRALIZATION
Federated
non-anonymous participation
138. A scalable blockchain database
for the Enterprise
Challenge: Scaling Blockchain
Level 39, London
October 18, 2016
Trent McConaghy
@trentmc
139. { : }
Agenda
Relevance of our partnership
The Promise of Blockchains
Challenges of Blockchain Adoption
MongoDB & BigChainDB
141. IBM: Leading the pack in blockchain banking
The uses cases have already emerged
142. The uses cases have already emerged
Reconteur: The Future of Blockchain in 8 Charts
143. Settlements of financial
transactions is just one
of the quintessential
use cases
Settlement (finance) Settlement of securities is a business
process whereby securities or interests in securities are
delivered, usually against (in simultaneous exchange for)
payment of money, to fulfill contractual obligations, such as those
arising under securities trades.
149. Best of Two Worlds – BigchainDB + MongoDB
MongoDBBlockchain BigchainDB & MongoDB
Data immutability
Decentralized control
Asset autonomy
High throughput
Low latency
High capacity
Access permissioning
Query & search
150. Security & Privacy
Key distribution infrastructure allows network
participants to identify new members and
members to have full control to selectively
grant data access
Enhanced Data Protection
Suppression of internode communication
and DB admin activities guarantees that
data can’t be modified
Practically Unlimited Scalability
Pipelining of events into a backlog table
allows block creation every second with
transaction validation in parallel.
Throughput of 100k+ transaction per
seconds
Business Logic
Circuit inspired crypto-conditions allow business
logic automation and escrow. If/Then simple
contracts can be triggered with multisig, time
and hash locks
Robust Architecture
Inherits the performance and scalability of the
underlying database platform. Customers can
choose their preferred database substrate to
minimize integration and interoperability
barriers
Components of our Solution
151. 1
The Centralized vs Partly Decentralized
Centralized
Application
Platforms
Data
Platforms
153. Determine exposure and
positions
Streamline back office
processes
Faster post trade
settlement
Prevent fraud
Detect leakage
See bottlenecks and
delays
Reduce risk and cost of
escrow
Reduce time to transmit
funds
Provide audit trail and
receipts
Enable P2P
energy trading
Power IoT and M2M
Balance energy grids
Capital Markets Supply Chain Payments Energy
BigchainDB + MongoDB Example Use Cases
154. Let us help you get started
The solutions are only months away
+