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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