Slideset for my 30 minutes of fame at The Banking Scene 2018. Two points I want to make: (1) involve your business more than your IT, as your business has to do something they're not used to and (2) don't over estimate the impact of blockchain, it's just a small part of your stack but especially an enabler of broad collaboration when you use it as an airbag.

1. Koen Vingerhoets – @IthronKoen on

2. • Master in Law (2000, UA)
• Experienced in IT (I dream in code)
• Financial Institutions since 2008
• Blockchain since 2014, officially since 2016
• Gadgets
• Garamond font
• Lord of the Rings
• Intelligence
• Humor
• Garlic
• Books from Thea Beckman
• Inefficiency
• Lists
6) Inconsistency
• The status quo

3. Why is IT so involved?
Why try harder?

4. Isn’t “blockchain” just the latest IT fad?

5. 5
IT : ask what you need
Collaboration is a basic element of IT, not of the business

6. 6
IT : share what you have
Collaboration is a basic element of IT, not of the business

7. 7
IT : work together
Collaboration is a basic element of IT, not of the business

8. 8
Your IT will figure it out
Collaboration is a basic element of IT, not of the business
IT has collaboration in its DNA
• Open source projects
• Hackathons
• CoderDojo
• Mailings lists
• CodeProject, I dream in code,…
• Tech blogs
• …

9. 9
Business : the next frontier
Collaboration is a basic element of IT, not of the business

10. 10
Business : closed workshops
Collaboration is a basic element of IT, not of the business
The challenge is on business side
• From EGOsystem to ECOsystem
• Where Knowledge Management is a job
• “Competitive advantages” everywhere
• Strict regulations
• Mindset
• …

11. 11
Collaboration is exponential
Every new partner exponentially increases the connections (Metcalfe’s Law)
More business, more future value

12. 12
Collaboration is a challenge
Even when the will is there, not all parties are equal but have to participate
Reality check : how about we.trade?
• In we.trade 9 banks collaborate
• How to align vision?
• How to evaluate each others contribution?
• Up to now
• 150 people involved
• 580 conference calls
• 120 meetings in 7 countries
• 7 sprints with 700 story points

13. 13
Open communication
Blockchain is
a challenge in
collaboration
for business.
Collaboration is a basic element of IT, not of the business

14. What’s the impact of “the business”?

15. 15
Action – reaction - conclusion
When solutions looking for problems become red monkeys (as Jef Staes says)
Johann Gottlieb Fichte (1762-1814)
The dialectical method
Thesis Anti-Thesis
Synthesis

16. The dialectical method
Thesis Anti-Thesis
(Syn)thesis
Anti-Thesis
Anti-Thesis
(Syn)thesis
Synthesis
Action – reaction - conclusion
When solutions looking for problems become red monkeys (as Jef Staes says)

17. 17
Gartner Hype Cycle
Don’t fixate on the hype, follow the tech development (Amara’s Law)
Early discussion drives improvement
Technological
progress

18. 18
Blockchain is a catalyst
Blockchain is an
adaptive technical
layer underneath
a joint solution,
not the solution.
Most things in live don’t need blockchain, but some things beg for it

19. Why is IT so involved?
Why try harder?

20. We did just fine without a blockchain.

21. 21
VOC – Hollands Gouden Eeuw
VOC De Groote Compagnie
• Verenigde Oost-Indische Compagnie : the
world’s first joint-stock limited liability
company with freely transferable shares (1602)
• Owners were registered in a ledger, every
transfer was signed by “De Heeren XVII”
• The shareholders partipicated in the profit.
• Groote Compagnie organized trades (1609)
• “Naked short sales” : promise to sell shares in
the future at a predefined price
At the dawn of the financial world… human nature surfaces already.

22. De Groote Compagnie <> VOC
• Barent Lampe, head accountant VOC
• Hans Bouwer, trader
Heeren XVII
22
VOC – Hollands Gouden Eeuw
When the trusted third party turns out to be not so trustworthy…

23. store

24. 24
The truth is in there
But if it’s that useful, why aren’t we using it all over the place?
Blockchain is for
your process or
your customer
experience what an
airbag is for a car.

25. Do different or do not,
there is no “trying harder”.

26. 26
Different use cases for blockchain
Blockchain requires a paradigm shift when solving customer issues.
Blockchain as a catalyst
• Efficiency gains in our own internal and
intra-bank processes : less reconciliation, less
(manual) checks,…
• New offerings for our customers, exploring
markets we didn’t enter before
• Ecosystems to join or to build with a shared
ledger of secured, trusted data

27. 27
Different use cases for blockchain
Blockchain requires a paradigm shift when solving customer issues.
From EGO-system to ECO-system
• 1-9-90 rule
• “Everyone is equal, but some are more equal
than others” should relate to blockchain
governance only
• A network becomes stronger due to input, so
contribute trust, customerbase, money,…
• Embrace dynamics to become anti-fragile
• Benefits are on the edges

28. 28
Different use cases for blockchain
Blockchain requires a paradigm shift when solving customer issues.
Do different
• Pick a process you master E2E
• It’s performant
• Everything has been done already
• Imagine…
• A layer of truth
• Involve your ends, their ends, …
• Redo your process
• Could this impact (y)our backend?
• Business case with ROI in 18 months and
fixed scope/budget/time?

29. 29

30. 30
Get up, stand up, get out
Blockchain creates a
joint comfort zone
with unexpected
meetings and
exponential benefits,
if you dare to enter.
The fourth industrial revolution won’t be won from your seat.

31. Why is IT so involved?
Why try harder?

32. 32
Be like Pippi Longstocking
Redo your processes or do not, there is no “trying harder”
I’ve never done
that before,
so I’m sure
I can do it.

33. Koen.Vingerhoets@telenet.be
Twitter : @IthronKoen
TrustOwnership
Transparency
Traceability
Distributed
Smart contracts
Blockchain is…
… the single shared source of truth.

34. Hi!
Did you enjoy the slides?
I raise funds (BTC) to support improving the daily lives
of people with cystic fibrosis, like my son.
I invite you to open your heart and your BTC wallet, please scan the QR code.
Or use 1JmSPfvJ751BYi7TVD8xXqWzPpGXqrW9Fj as recipient.
Proceeds go to Muco vzw (www.muco.be)
Thank you for your support and appreciation.
More info, questions or remarks?
Koen.Vingerhoets@telenet.be
Twitter : @IthronKoen