The three biggest opportunities for banks in the age of blockchain disruption: payments, identity and asset custody. How the decentralized paradigm poses both challenges and opportunities to incumbent institutions and governance structures. How open technologies are adapting to meet varying requirements and standards, and how important it is for technology and companies to be open and malleable.

1. BLOCKCHAIN
REVOLUTION
IN BANKING
© 2017 Juan Llanos
S a n t i a g o , J u l y 6 , 2 0 1 7
@JuanLlanos

2. © 2017 Juan Llanos
PAYMENTS
IDENTITY
ASSET CUSTODY

3. © 2017 Juan Llanos
PAYMENTS
PAYMENTS
PAYMENTS

4. 1
2
3
4
4a
5 6
7
S
R
Current Cross-Border Remittances Supply Chain
Cost incurred

5. 1
2
3
4 5
6
S
R
Cost incurred
Next-Generation Supply Chain
(Digital Treasury & Settlement)

6. S
R
Last-Generation Supply Chain
(P2P Transfers) (already possible today)

7. © 2017 Juan Llanos
IDENTITY
IDENTITY
IDENTITY

8. © 2017 Juan Llanos© 2017 Juan Llanos

9. © 2017 Juan Llanos© 2017 Juan Llanos

10. enterprise benefits
KYC for loans
instant onboarding
© 2016 Juan Llanos

11. © 2017 Juan Llanos© 2017 Juan Llanos
ASSET CUSTODY
ASSET CUSTODY
ASSET CUSTODY

12. C R Y P T O T O K E N S
key management
© 2016 Juan Llanos

13. © 2017 Juan Llanos
PAYMENTS
IDENTITY
ASSET CUSTODY

14. PRUDENTIAL
LAW
ENFORCEMENT
POLICY
© 2016 Juan Llanos
[-]
[-]
[+]

15. < D O W N s i d e
+ > U P s i d e
© 2016 Juan Llanos

16. Regulation à inevitable, but valid
Compliance à onerous, but valuable
© 2016 Juan Llanos

17. Permissionless-/Limitless-ness
Borderlessness
Anonymity
Malleability
Radical Transparency
Probabilistic finality
DECENTRALIZED PARADIGM
© 2017 Juan Llanos

18. AML CHALLENGES
+ OPPORTUNITIES

19. © 2017 Juan Llanos

20. © 2017 Juan Llanos© 2017 Juan Llanos
Quorum is an enterprise-
focused version of
Ethereum ideal for any
application requiring high
speed and high throughput
processing of private
transactions within a
permissioned group of
known participants.

21. © 2017 Juan Llanos
+ Permissioning
+ Privacy
+ Performance
+ Configurable Consensus
+ Settlement Finality

22. RETHINK
REDEFINE
REINVENT © 2016 Juan Llanos

23. © 2016 Juan Llanos

24. A successful algorithmic regulation system has the following characteristics:
1.Desired outcome
2.Real-time measurement
3.Adaptive algorithms
4.Deeper analysis
Algorithmic R e g u l a t i o n *
* Tim O’Reilly, “Open Data & Algorithmic Regulation” (in Beyond Transparency)
© 2016 Juan Llanos

25. © 2016 Juan Llanos

26. © 2017 Juan Llanos

27. Underground economy
© 2017 Juan Llanos
$10 TRILLION

28. THINK OCEAN
NOT LAKE

29. SINGAPORE
© 2017 Juan Llanos

30. © 2017 Juan Llanos
@JuanLlanos