10×6 Fintech: un nouveau pilier? Laurent Kratz, Scorechain

FinTech• Software that provides financial

services• Disrupt incumbent financial systems

and corporations• Disruption : channel, agile new

entrant, business model

Blockchain • What is it?

Blockchains are secure distributed ledgers and financial networks

• Why is it important? – The next phase of the Internet (value transfer)– Already here: rapid institutional uptake– Pervasive: includes all cash, instruments & contracts– High stakes: re-shuffles existing financial system

Blockchain • A layer on the Internet• A decentralised protocol to transfer

ownership with no trusted third-party• Open innovation, lightweight API to

asset management• Free, fast, reliable

Bitcoin• Digital / crypto currency, first asset

based on Blockchain• Used for remittance, speculation,

store of value

Is this legal ?• New technology, Law applies• BitLicense in NYC, CSSF in

Luxembourg• Public transaction ledger, anonymous

accounts• Bag guys get busted

Beyond Bitcoin• Execute "smart" digital contracts• Implement multi-signatures• Represent physical assets (tokenization)• Payment, clearing, insurance, escrow /

notary, fund industry, trust management, auditing / accounting, securities

Scorechain• Created this summer, seed round

500K€• Compliance tools• Real time scoring• Missing link between open innovation

and regulated world of businesses