Most banks are currently investigating or “leveraging blockchain”. Some of them are even testing “use cases” to go beyond the talk and hype. All of them are focusing on a single future scenario, which is dangerous. In this slide deck, I give banks 7 tips on what they should do with a blockchain.
https://twitter.com/SDWouters
http://samwouters.com/
9. @SDWOUTERS
Your best argument is technological
evolution won’t happen?
Mobile
Social
Media
DigitalAnalog
Internet
Blockchain
Virtual
Reality
Nanotech
Artificial
Intelligence
15. @SDWOUTERS
“The financial services
environment seized on
blockchain, because they saw
within it the possibility of
using some elements of bitcoin
without being disrupted.”
~Andreas Antonopoulos
@SDWOUTERS
25. @SDWOUTERS
The advice you will usually get for private blockchains
oliverwyman.com/2016/feb/BlockChain-In-Capital-Markets.pdf
26. @SDWOUTERS
What I read
oliverwyman.com/2016/feb/BlockChain-In-Capital-Markets.pdf
Find something
that sounds good
in theory
Tell others to
get on board
Find how much you
can save in theory
Work together with
others who thought
of things that sound
good in theory
Try out a lot of things
to figure this
blockchain thing out
Make startups
realise they need
you for regulation
Prepare to get
regulated
27. @SDWOUTERS
What I read
oliverwyman.com/2016/feb/BlockChain-In-Capital-Markets.pdf
Find something
that sounds good
in theory
Tell others to
get on board
Find how much you
can save in theory
Work together with
others who thought
of things that sound
good in theory
Try out a lot of things
to figure this
blockchain thing out
Make startups
realise they need
you for regulation
Prepare to get
regulated
29. @SDWOUTERS
1. Educate everyone, top to bottom, on Bitcoin & Blockchain
Don’t be this guy
Be this guy
Few financial people REALLY
understand them, fix this first
30. @SDWOUTERS
2. Monitor the development of major cryptocurrencies
Gain insights to make
better strategic decisions
31. @SDWOUTERS
3. Onboard a Bitcoin/blockchain executive or entrepreneur
Upgrade your Digital DNA
36. @SDWOUTERS
7 things banks should do with blockchain
1. Educate everyone on Bitcoin and the Blockchain
2. Monitor the development of major cryptocurrencies
3. Get an executive or entrepreneur on board
4. Integrate with an exchange or wallet
5. Stimulate Bitcoin/Blockchain development
6. Create a service for Cryptocurrencies
7. Innovate outside of your regulatory framework
37. @SDWOUTERS
If you go the private distributed ledger way, expect:
Industry standards on many levels (who has
access, how to update, who is responsible…)
Complying with all (international) financial
laws
Intervention from regulators, governments
and others, weakening security
Shifting the global financial system
to distributed ledgers
And more…
38. Thanks!
Want to learn more?
WWW
@sdwouters
sam.wouters@duvalunion.com
samwouters.com