Craig Wentworth: Co-Founder and Research Director, Independent Thought Limited Presentation given at CILIP Blockchain Briefing 2020, 27 February 2020

1. Blockchain across sectors
Craig Wentworth
Co-Founder & Research Director
Independent Thought Limited
CILIP Blockchain Briefing
27 February 2020

2. What’s the use of blockchain?
Craig Wentworth
Co-Founder & Research Director
Independent Thought Limited
CILIP Blockchain Briefing
27 February 2020

3. • Introduction
What’s blockchain good / not good for, and why?
• Blockchain in action
What are organisations using blockchain for, across different sectors?
• So what, and what next?
What are early adopters’ experiences, and how can we learn from them?
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Agenda

4. Introduction

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




?

Traditional business network

Intermediary

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






?
The distributed alternative

7. • Extending processes beyond organisational
boundaries
• Removing costly intermediaries
• Multiple parties sharing an interest in control
over data
• Establishing a trusted provenance of tracked
assets (or data)
• Operating in a no-trust / low-trust environment
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What’s blockchain good for?

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• A problem well-suited to relational databases
and more traditional software applications
• Internal processes without trust issues
• Where a trusted central authority looks after
everything on everyone’s behalf
(and everyone’s happy with that…)
What’s blockchain not good for?
8

9. Trust & boundaries
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10. • Internet of Things (IoT)
• Artificial Intelligence (AI)
• 5G
• More ‘traditional’ technologies
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Convergent tech: Blockchain + x

11. Blockchain in action

12. Digital identity
Control over data
Provenance
AutomationPayments
Main uses for blockchain
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13. Finance
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• Tokens and digital assets
• Fractional ownership
• Rewards ecosystems
• Micropayments
• Payment settlement
• Regulatory compliance
• Insurance

14. Manufacturing & logistics
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• Admin paperwork (management of goods & shipping)
• Track & trace (food safety, conflict minerals)
• Digital twins
• Rights management

15. Healthcare & life sciences
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• Healthcare records (care, insurance & clinical trials)
• Track & trace (counterfeit drugs)

16. Government
• Identity – access to services
• Registration of ownership (land, property)
• Voting
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17. Telecommunications
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• Roaming charges
• Trusted identities for network services

18. Transport & travel
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• Integrated transport networks
• Smart cities
• Personalisation
• Vehicle lifecycle management

19. Energy & utilities
• Energy trading – renewables
• Electric vehicle re-charge
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20. Education
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• Accreditation of prior learning
• Qualifications & credentials

21. Entertainment & media
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• Rights management
• In-game purchases
• Ticketing
• Fake news & ‘deep fake’ videos

22. So what, and what next?

23. What issues are early adopters facing?
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Governance,
Regulation, Legal
• Access to data
• Smart contract policy
• Regulatory clarity
• Legal jurisdictions
Business process /
cultural
• Blockchain affinity
• Shared processes
• Winners & losers
• Skills shortage
Technology
• Immature
• Scalability, privacy
challenges
• Standards, integration

24. What can we learn from early adopters?
• Adding trust
• Removing intermediaries
• Automating business processes
• Tracking assets
• More than just Financial Services use cases
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25. Next steps…
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• Understand your problem / opportunity
‘Blockchain thinking’ as a catalyst for non-blockchain change
• Understand blockchain
• Select vendors / partners
• Develop a ‘Proof-of-Business’ viability alongside (technical)
Proof-of-Concept
• Build or buy. Test. Learn. Repeat…

26. Thank you… any questions?
Craig Wentworth
craig@IndependentThought.works
@craigwentworth