Smart Contract Templates - 그대안의 작은 호수 · Smart Contract Templates Connect legal...

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Smart Contract Templates Presentation to CoinDesk 25 April 2016 Lee Braine, Investment Bank CTO Office, Barclays UNRESTRICTED

Transcript of Smart Contract Templates - 그대안의 작은 호수 · Smart Contract Templates Connect legal...

  • Smart Contract Templates

    Presentation to CoinDesk 25 April 2016

    Lee Braine, Investment Bank CTO Office, Barclays

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  • Introduction

    Smart legal agreements

    Potential benefits

    large cost reductions

    efficiency improvements

    risk reduction

    Barclays internal team

    Smart Contract Templates prototype

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  • Industry Challenge

    Extremely complex challenge

    Every bank maintains its own separate ledgers

    Huge duplication of effort and cost

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  • Potential Solution

    Smart Contracts

    Blockchain / Shared Ledgers

    Smart Contract

    Templates

    Our Focus

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  • Smart Contract Templates

    Connect legal text to business logic

    Simplify legal documentation processes

    Drive standards adoption via reusable templates

    Mutualise costs via common components

    Paradigm shift – billions of pages of legal agreements

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  • Demonstration

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    Prototype of investment banking application

    Shows lifecycle of interest rate swap

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    Collaboration and Open Innovation

    Barclays Investment Bank

    R3

    University College London’s Centre for Blockchain Technologies

    ISDA - International Swaps and Derivatives Association

    Société Générale

    Techstars

  • Smart Contract Templates

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    Will take time to build, but potential benefits are enormous

    Further collaboration is required – needs industry behind it

    Smart Contract Templates summit in June