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Topic:

Blockchain

Speaker:

Sudin Baraokar

Chief Mentor Bankchain

+91 9850173007 sudbaro@gmail.com

Agenda

• Introduction to Blockchain

• Platform Architecture

• Use Cases

• Bankchain Alliance Collaboration

• Successes and Benefits realised

• Key Learnings and Best Practices

• Audience Questions and Discussion

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At the core of blockchain is:

An expanding list of cryptographically signed, irrevocable

transactional records shared by all participants in a

network. Each record contains a time stamp and reference

links to previous transactions. With this information,

anyone with access rights can trace back a transactional

event, at any point in its history, belonging to any

participant.

A Blockchain is a widely disseminated archive of data that

maintains a continually-expanding register of records fully

and reliably protected from any alteration or modification.

By 2026, the business value added by blockchain will grow to slightly

over $360 billion, then surge to more than $3.1 trillion by 2030.

Introduction to Blockchain

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Blockchain Build

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Blockchain technologies offer a new paradigm in how

businesses and individuals interact and transact, offering the

promise of transforming business and society. From its origins

in bitcoin, blockchain has evolved to become a collection of

technologies that offers the potential of value generation across

all industries. Its capabilities include the ability to:

• Represent assets digitally

• Enable new forms of value exchanges

• Interact/transact without a central authority or a middleman

• Ensure distributed copies of identical records that are

immutable and traceable

• Enable management, governance and execution of

partnerships and contracts across entities

Blockchain for the “Programmable Economy”

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Blockchain to build Marketplaces

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Blockchain Inherent Features

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Growth of Blockchain

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Blockchain Business Advantages

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DLT - The Future of Financial Services

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Value Drivers for Blockchain

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Blockchain DLT Transformation

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Regulatory Challenges

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Regulatory Ecosystem

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The New Model

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Permissioned vs Permission-less

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Strategy

Blockchain adoption will fast become mainstream in the coming years and it is

predicted that by 2030 a majority of the Financial and Fintech Services like

Payments, Settlements, Verification, Information Exchanges will be based on

Blockchain. In this sessions Sudin will highlight all the pioneering work done in

Ecosystem Development and and Collaboration in Bankchain Alliance - 30+

Member Banking Alliance for Blockchain. The Strategy involved with the focus on

Agility, Security, Emerging Tech, Interoperability, usability and need to have

Business based outcomes. This session will highlight Banks approach to

Innovations in “APIs on the Fly”, Service Virtualisation, Collaborative co-

development with Bankchain Alliance, Hackathons and the Model and Culture

change in our Technology Teams. This strategy will be shared to help cope with

Hype and Emerging Technologies, Emerging Themes, Skills Upgradation, Business

Monetisation and Ecosystem sustainability.

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• Business Outcomes

• Web Services Interoperability

• Business Monetisation

• Development Agility

• Security - Access to Startups and Developers

• How to Collaborate in the Application Development

Ecosystem

Challenges in Emerging Tech Development

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• Software Development & Engineering in the new world

• Agility

• Interoperability

• Emerging Tech

• Emerging Themes

• Skills Upgradation

• Ecosystem Sustainability

Drivers / Objectives

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• API Service Virtualisation

• APIs on the Fly

• Continuous Collaboration

• Open Stack

• Open Innovation / Alliances / Partnerships

Technology and Innovations as Enabler

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Bankchain - Collaborative Alliance of banks for Blockchain

BankChain members (in chronological order) State Bank of IndiaICICI BankDCB BankKotak BankFederal BankDeutsche BankUAE ExchangeEmirates NBDLulu ExchangeRAKBANK (National Bank of Ras Al-Khaimah)South Indian BankNational Payments Corporation of IndiaSaraswat BankRBL BankTJSB Sahakari BankCCILBank of BarodaMahindra & Mahindra Financial Services LimitedExport-Import Bank of IndiaAl Fardan ExchangeIndusInd BankRiviera Investors (NBFC)Axis BankYes BankAadhaarshila Enroll Systems Pvt. Ltd.Dubai Islamic BankAdarsh Credit Co-operative Society Ltd.BFC Group Holdings W.L.L.

Managed and operated by: Primechain Technologies Pvt. Ltd.

Infrastructure Partner: Skylark Information Technologies Pvt. Ltd.

Exclusive Cloud Partner: Microsoft

Cyber Security Advisor: Data Security Council of India

Preferred Technology Advisor: Intel

Strategic partner: MEDICIPrim Fintech Pvt. Ltd.

Preferred Legal Advisor: Jerome Merchant + Partners

Integration Partner: IBM

Bank of MaharashtraBank DhofarCitibank, N.A.Indian BankHDFC Bank

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1. Cross border remittance2. Corporate KYC and Charge Registry3. LoU, Bank Guarantees, LC & other Documentary Credits4. Employee background verification5. Document authentication, verification & storage6. Vendor on-boarding7. KYC (Individual)8. Invoice discounting / supply chain finance / factoring 9. Trade Finance (Documents)10. Non-performing assets (NPA) and other stressed assets

The BankChain Projects

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• Pooling of Technology Resources

• Building Community IP

• Cost Saves through Open Stack

• Building Internal Innovation Engines

• Sharing of Knowledge

• Co-Development of Solutions

Successes and Benefits realised

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• Fail Fast

• Understand Code

• Take the Shot

• Be patient with Hype Tech

Key Learnings

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• Collaborate

• Alliance Ecosystem

• Partnerships

• Bankable Solutions

• APIs

• Regulatory Sandboxes

Best Practices

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Joint Regulatory Sandboxes

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BFSI Sandboxes

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BFSI Patterns

http://www.bankchaintech.com/

https://bitcoin.org/bitcoin.pdf

https://www-01.ibm.com/common/ssi/cgi-bin/ssialias?htmlfid=XIM12354USEN

http://www.idrbt.ac.in/assets/publications/Best%20Practices/BCT.pdf

http://www.salary.mobi/watch.php?vid=6d484cd5d

Sudin Baraokar

+91 9850173007

sudbaro@gmail.com

Blockchain Reading Material

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