kapron ASIA Blockchain technology, an opportunity for social good? - PowerPoint PPT Presentation

kapron ASIA Blockchain technology, an opportunity for social good? January 24 th , 2018

kapron ASIA

Background • 1998 – Undergrad in Computer Science from Syracuse University • 1998 – 2003: T echnology management at Citibank US & Europe, CIO for Citigroup Portugal • 2003 – 2004: MBA INSEAD • 2004 – 2006: Director Sales & Marketing Banking Industry at Intel • 2007 – Present: Kapronasia • 2014: Chomping at the Bitcoin kapron ASIA

A blockchain is a record of transactions, like a traditional ledger. These transactions can be a movement of value, goods, or secure data – a land title as an example, or a government benefits record. kapron ASIA

Key Characteristics of Blockchain Technology • Secure – Blockchain is designed to store information in a way that makes it virtually impossible to add, remove or change data without being detected. • Decentralized – Today, transactions are verified by a central authority — like a government or a credit card clearinghouse. Blockchain applications could replace these centralized systems with decentralized ones, where verification comes from the consensus of multiple users. kapron ASIA 5

Blockchain Applications Any scenario where an asset can be digitized is a potential blockchain use case. kapron ASIA

What is Bitcoin? Bitcoin is a blockchain with an asset as the token. • Bitcoin idea was brought up by Satoshi Nakamoto in 2008. • Traditional fiat currency is issued by a special department e.g. national bank or a private bank with governmental permit. • With Bitcoin, no particular institutes issue the cryptocurrency; everyone in the world can mine a bitcoin in the system and trade with another person whoever would like to pay for it without involving any agency. Fiat currency transaction Bitcoin transaction kapron ASIA

ICOs…. kapron ASIA

Differences between ICOs vs VC Investment ICO and VC are similar ways to raise funds, however, they are different in many other aspects. ICO VC Investment Instrument Token Ownership in underlying Instrument Represents Typically not equity* Equity, often Voting Rights Typically Seed for a specific Stage Seed-Growth project Fund received Crypto Currency Legal Money No restrictions on industry, Company or just a team Issuer but registered Company with based on a blockchain project requirements Investor Anyone Accredited investors / funds Law firm, Accounting firm, Agency/Facilitator No need Security firm Trading market Digital coin exchange Private then Stock exchanges kapron Tight control by the ASIA Regulation No regulation covering government

Why ICO rather than get venture capital? Startups Investors Regulation • • • Fast : Traditional fund- Global : ICO projects No Agency : No need for raising can take months can raise from anyone an Investment Bank or anywhere. Legal Counsel. or years. • • • Attract Talent : Start-ups New : A completely Less Regulated : More different investment flexibility for investors normally struggle to hire top talent. tool. Very profitable so and issuers, higher far. potential risks • Fewer Barriers : ICO’s allow more start-ups to raise fund with less requirements and costs. kapron ASIA

Blockchain for Social Good Although there are many different areas where blockchain can make a difference, we’ll focus on: Political Environmental Social Economic kapron ASIA

Politics Voting / Elections Politics Politicians Media kapron ASIA

Problems and Solutions for Political Issues PROBLEMS SOLUTIONS Voting • • Transparent Corruption • Immutable • Cyber Attacks • Election Rigging Fake News • • Lack of Verify • Trace transparency • Lack of Facts Politicians • • Transparent False promises • Authentication • Inaction • • Immutable Lack of merit • Personal interests kapron ASIA

Blockchain Platforms Improving Politics kapron ASIA

Societal Issues Representation Social Information Security kapron ASIA

Problems and Solutions for Social Issues PROBLEMS SOLUTIONS Representation • • Identity registration Identity under- • Naming representation Information • Transparent • Mis-information • Immutable • Misguided public • Distributed • Communication • Authenticity in Security purchases • Fraud and • Secure data mistrust kapron ASIA

Institutions looking at Blockchain for Improving Social Issues kapron ASIA

Economic Inclusion Payments Identification Economic kapron ASIA

Problems and Solutions for Economical Issues PROBLEMS SOLUTIONS Payments • Cheaper • Expensive • Real time • Slow • Inclusion Transparent • • Corruption Immutable • Misallocation Lack of ID • • Distributed Registration • Secure barriers • Financial exclusion kapron ASIA

Blockchain Platforms Improving Economic Development kapron ASIA

Environment Treaties Carbon Tax Recycling Environmental kapron ASIA

Environment PROBLEMS SOLUTIONS Carbon Tax • • Reward tokens Difficulty measuring & sharing usage • Controlling incentives Treaties • Initial Agreement • Smart Contracts • • Monitoring Monitoring • Penalties kapron ASIA

Blockchain Platforms Improving the Environment kapron ASIA

Conclusion The potential applications of Blockchain for social good are varied and exciting, however it also has its limitations • Blockchain offers a powerful mechanism to incentivize truth, increase transparency, and has the potential to make various aspects of society work better • It cannot bring about change alone, in order to bring about lasting change, a variety of strategies and regulation will be required from both governments and corporates • As with any new and developing technology, cybersecurity is of paramount importance. Blockchain promises to be decentralized and somewhat ‘un - hackable’, yet the technology remains untested at scale kapron ASIA