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The internet of value
What CFOs need to know about blockchain
In late Spring 2018, 4,407 people (40 percent being C-Suite or Executive level) tuned in for a Dbriefs webcast,
“The internet of value: What CFOs need to know about blockchain,” during which the audience was polled about
the technology. Here are the highlights.
Which finance use-case do you find
most compelling for your organization?
Which benefit of blockchain do you
find most attractive?
When it comes to perceived
importance of blockchain to
their organization:
indicated they see blockchain as
crucial to their success or, if not
crucial, as helping them stay
current with latest technology trends
On the topic of blockchain consortia and who
they'd be most willing to collaborate with:
Improved operational
efficiencies
Decreased
fraud risk
Real-time
insights
21%
Procure-to-pay/
Order-to-cash
Treasury and
financing
25%
Supply chain and
warranty management
12%28%44% 13%
say they still need to learn more
before making that decision
22% 16%
12%
3%
19%
n=3,820 n=3,734
What blockchain use cases might be applicable to your finance organization
and how do you evaluate if the technology is the right solution? (see next page)
37.2%
37.7%
n=3,745 n=2,877
indicated horizontal
competitors
indicated customers
indicated joint
ventures and/or
partners
indicated all of
the above
indicated
suppliers
About Deloitte
Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee (“DTTL”), its network of member firms, and their related entities. DTTL and each of its member firms are legally
separate and independent entities. DTTL (also referred to as “Deloitte Global”) does not provide services to clients. In the United States, Deloitte refers to one or more of the US member firms of DTTL, their related entities that
operate using the “Deloitte” name in the United States and their respective affiliates. Certain services may not be available to attest clients under the rules and regulations of public accounting. Please see www.deloitte.com/about to
learn more about our global network of member firms.
Copyright © 2018 Deloitte Development LLC. All rights reserved.
Explore our Blockchain for Finance report and learn more:
www.deloitte.com/us/crunchtime
How do you start to evaluate if blockchain is the right solution for a
particular use-case?
Is it economically viable as a
blockchain solution?
Desirability
ViabilityFeasibility
Shared data
Multiple writers
Low trust
Auditability
Disintermediation
Transaction interaction
• Improve business process and
participant integration
• Optimize working capital and
improve operational efficiencies
• Reduce the complexity for
sourcing key data
• Increase connectivity of
stakeholder groups
• Access to required data
from sources
• Secure and stable dev and
test environments
• Increase data consistency,
transparency and availability
• Enhance auditability of
end-to-end process
Reasoning/key points
Reasoning/key points
Reasoning/key points
What’s feasible from a technology
or organizational perspective?
What’s desirable from a business perspective?
Use-cases applicable to finance
Widespread impacts as processes transform from linear silos to integrated networks
BLOCKCHAIN
Procure-to-pay
• Streamline purchase order,
tracking and settlement
Order-to-cash
• Streamline sales agreement,
tracking and settlement
Supply chain management
• Increase end-to-end visibility
between all participants
Treasury and financing
• Improve transparency and reduce
bank fees and financing costs
Intercompany sales
• Single source of truth
between legal entities
• Automate settlement
Cross-border payments
• Near real time settlement
• Reduced transaction cost
• Improved data sharing
Loyalty management
• Improve loyalty point tracking
and participation
Warranty management
• Improve customer warranty
behavior visibility and tracking
• Enable advanced liability estimates

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The internet of value: What CFOs need to know about Blockchain

  • 1. The internet of value What CFOs need to know about blockchain In late Spring 2018, 4,407 people (40 percent being C-Suite or Executive level) tuned in for a Dbriefs webcast, “The internet of value: What CFOs need to know about blockchain,” during which the audience was polled about the technology. Here are the highlights. Which finance use-case do you find most compelling for your organization? Which benefit of blockchain do you find most attractive? When it comes to perceived importance of blockchain to their organization: indicated they see blockchain as crucial to their success or, if not crucial, as helping them stay current with latest technology trends On the topic of blockchain consortia and who they'd be most willing to collaborate with: Improved operational efficiencies Decreased fraud risk Real-time insights 21% Procure-to-pay/ Order-to-cash Treasury and financing 25% Supply chain and warranty management 12%28%44% 13% say they still need to learn more before making that decision 22% 16% 12% 3% 19% n=3,820 n=3,734 What blockchain use cases might be applicable to your finance organization and how do you evaluate if the technology is the right solution? (see next page) 37.2% 37.7% n=3,745 n=2,877 indicated horizontal competitors indicated customers indicated joint ventures and/or partners indicated all of the above indicated suppliers
  • 2. About Deloitte Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee (“DTTL”), its network of member firms, and their related entities. DTTL and each of its member firms are legally separate and independent entities. DTTL (also referred to as “Deloitte Global”) does not provide services to clients. In the United States, Deloitte refers to one or more of the US member firms of DTTL, their related entities that operate using the “Deloitte” name in the United States and their respective affiliates. Certain services may not be available to attest clients under the rules and regulations of public accounting. Please see www.deloitte.com/about to learn more about our global network of member firms. Copyright © 2018 Deloitte Development LLC. All rights reserved. Explore our Blockchain for Finance report and learn more: www.deloitte.com/us/crunchtime How do you start to evaluate if blockchain is the right solution for a particular use-case? Is it economically viable as a blockchain solution? Desirability ViabilityFeasibility Shared data Multiple writers Low trust Auditability Disintermediation Transaction interaction • Improve business process and participant integration • Optimize working capital and improve operational efficiencies • Reduce the complexity for sourcing key data • Increase connectivity of stakeholder groups • Access to required data from sources • Secure and stable dev and test environments • Increase data consistency, transparency and availability • Enhance auditability of end-to-end process Reasoning/key points Reasoning/key points Reasoning/key points What’s feasible from a technology or organizational perspective? What’s desirable from a business perspective? Use-cases applicable to finance Widespread impacts as processes transform from linear silos to integrated networks BLOCKCHAIN Procure-to-pay • Streamline purchase order, tracking and settlement Order-to-cash • Streamline sales agreement, tracking and settlement Supply chain management • Increase end-to-end visibility between all participants Treasury and financing • Improve transparency and reduce bank fees and financing costs Intercompany sales • Single source of truth between legal entities • Automate settlement Cross-border payments • Near real time settlement • Reduced transaction cost • Improved data sharing Loyalty management • Improve loyalty point tracking and participation Warranty management • Improve customer warranty behavior visibility and tracking • Enable advanced liability estimates