A Blockchain-facilitated Financial Inclusion Project Presented by - PowerPoint PPT Presentation

YOUR TRUSTED BLOCKCHAIN & XAMARIN TEAM October, 2019 A Blockchain-facilitated Financial Inclusion Project Presented by David Nguyen CEO - LotusApp

CONTENT 1 WHAT IS “FINANCIAL INCLUSION”? 2 POVERTY PROBLEM & CONSEQUENCES 3 SENTINEL CHAIN 4 LOTUS APP CONTRIBUTIONS TO THE PROJECT 5 KEY CHALLENGES October, 2019 A Blockchain-facilitated Financial Inclusion Project 1

WHAT IS “FINANCIAL INCLUSION”? “O ne of the goals of financial inclusion is PAYMENTS access at a reasonable cost for all households to a full SAVINGS range of financial services, REMITTANCES including savings or deposit services, payment and transfer services, credit CREDITS and insurance.” INSURANCE Former United Nations Secretary - General Kofi Annan, 2013 October, 2019 A Blockchain-facilitated Financial Inclusion Project 2

POVERTY PROBLEM & CONSEQUENCES Smallholder farmers contribute to 80% food supply, but more than 50% of smallholder farmers live in poverty No affordable loan 7 1.6 FAMILY SIZE CATTLLES Large family size Miniscule number No livestock of cattle insurance Rising cost of 80% 50% feeds and vaccination FOOD SUPPLY IN POVERTY Major food supplier Half are living in poverty Unsustainable production October, 2019 A Blockchain-facilitated Financial Inclusion Project 3

SENTINEL CHAIN: SOLUTION Sentinel Chain: Integrating livestock and financial services ecosystems on blockchain Unlock “Dead Capital” in Cattle for smallholder cattle farmers to finance working loans Sentinel CrossPay Ethereum Chain Blockchain FarmTrek Mobile Banked farmers Unbanked farmers Livestock Lender Offshore P2P insurer Lender Lender FarmTrek Tag Estimated Fee Estimated Cost Of Financing Estimated Value $US 1 19% 1% 6.5% $500 Billion MARKET INTEREST TRANSAC- INSURANCE COW VALUE RATE TION FEE FEE SIZE PA October, 2019 A Blockchain-facilitated Financial Inclusion Project 4

SENTINEL CHAIN: KEY MILESTONES Working with LBVD of the Pilot project was Myanmar • Myanmar B2B Live carried out with Ministry of • Rwanda Live 1000 livestock InfoCorp won Agri to finalize that were tagged • Kenya Pilot Entrepreneur of the Year the solution. NFC chips in in Singapore, 2018 • Uganda Pilot Myanmar. 2018 2019 2020 2021 MOU with Rwanda’s Winner of the United Nation Ministry of ESCAP and UN Capital Development Agriculture and • Kenya Live Fund's Fintech Innovation Fund to support Women Animal Resources • Uganda Live MSMEs • Africa and Asia 4.2 Partner with Green Expansion Delta Life Insurance ICO in Apr-2018 Company (GDIC), Bangladesh October, 2019 A Blockchain-facilitated Financial Inclusion Project 5

LOTUS APP’S CONTRIBUTIONS TO THE PROJECT LOTUS APP team has been building this eco-system (Sentinel Chain, Farmtrek/Crosspay) from May, 2017 for InfoCorp (Singapore) until now OUR WORKS 1. Livestock NFC Tag 2. Sentinel Chain October, 2019 A Blockchain-facilitated Financial Inclusion Project 6

LOTUS APP’S CONTRIBUTIONS TO THE PROJECT - cont. 3. FarmTrek Mobile Application October, 2019 A Blockchain-facilitated Financial Inclusion Project 7

LOTUS APP’S CONTRIBUTIONS TO THE PROJECT - cont. 4. Admin Portal October, 2019 A Blockchain-facilitated Financial Inclusion Project 8

LOTUS APP’S CONTRIBUTIONS TO THE PROJECT - cont. Mr.Roy Lai (CEO of InfoCorp) at LOTUS APP office in General Director of LVBD Myanmar, InfoCorp Singapore Vietnam team, with David Nguyen, CEO of LOTUS APP October, 2019 A Blockchain-facilitated Financial Inclusion Project 9

KEY CHALLENGES ICO Security & Regulation by Singapore Government  13,000 users in 03 days 1  KYC Whitebox & Blackbox Penetration Test on all Software, Infrastructure & Mobile App modules  Some profiles were hacked during the ICO  Collaborated with Government to find out the hacker Communication between different Blockchain Networks  Built the Sentinel Chain Bridge 2  Smart Contract, PoA consensus Anti-counterfeiting NFC Tag  Prevent delete/modify data in NFC chip 3  NDA October, 2019 A Blockchain-facilitated Financial Inclusion Project 10

KEY CHALLENGES – cont. Low Internet Condition & limited configuration of old Android phones  FarmTrek is built by Xamarin. Compatible with Android 5.5 – 9.0. RAM only 512MB 4  Low Internet Condition. Real-time update new app versions & backward versions compatible  Compression & Encryption, Multi languages  Thousands of Test cases to ensure this “Banking app” is always stable Blockchain performance  In its current state, the Ethereum network can process a maximum of 15 transactions per second (TPS) 5  Caching data  The Pilot Beta system can serve minimum of 15,000 of daily users, 100 transactions per second Systems operated across multiple Countries & Data Storage Rules  Projects in: Myanmar, Bangladesh & RWANDA 6  We had to decide which modules of system are belong to the Country-X and which modules are belong to Sentinel Chain. And separated the system October, 2019 A Blockchain-facilitated Financial Inclusion Project 11

THANK YOU! October, 2019 A Blockchain-facilitated Financial Inclusion Project