New Opportunities and New Threats in Blockchain · §Private blockchains will generally be set up as permissioned networks with restrictions on who is allowed to participate, and

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BreakthroughLeadership

New Opportunities and New Threats in Blockchain Concurrent Session: Technology Track

§ John Nurthen, Executive Director Global Research, SIAIn conversation with§ Arran Stewart, Chief Visionary Officer, Job.com



Blockchain in Six Easy Steps

Source: Sutardia Center for Entrepreneurship & Technology, UC Berkeley



Blockchain-specific job boardsbitgigs.comblockace.ioblockchain.works-hub.comblockchainjobboard.orgblockchainjobboard.orgblockchainjobz.comblockchainjobz.comblockgeeks.comblocktribe.comcoinality.comcryptojobs.comcryptojobslist.comjobs.coindesk.comjobs.ethercasts.comsatoshitalent.com

Demand for Blockchain Talent

Source: SIA, Blockchain and the Staffing Industry, January 2019

§ Blockchain was the fastest-growing in-demand skill (by freelancer billings) in the US freelance market (Source: Upwork 1Q18 and 2Q18 quarterly skills indexes)

§ Average annual salary for a blockchain developer was between $150,000 to $175,000 (Source: Hired.com, 2017)



Source: Dilbert



Blockchain Use Case Decision TreeAre you trying to remove intermediaries or a broker?Are you working with digital assets (versus physical assets)Can you create a permanent authoritative record of the digital asset?Do you require high performance (millisecond) transactions?Do you intend to store large amounts of non-transactional data?Do you want/need to rely on a trusted third-party (i.e. for compliance)?Are you managing contractual relationships or value exchange?Do you require shared write access?Do contributors know and trust each otherAre contributors interests unified or well-aligned?Do you need to be able to control functionality?Should transactions be public?

Yes? No? Do not useYes? No? Do not useYes? No? Do not useYes? No? Do not use…yetNo? Yes? Do not useNo? Yes? Maybe do not useYes? No? Maybe do not useYes? No? Do not useYes? No? Do not useYes? No? Do not useYes? No? Use Private LedgerYes? No? Use Public Ledger

Source: “Blockchain Beyond the Hype: A Practical Framework for Business Leaders”, World Economic Forum



Public v Private Blockchains

§ Public Blockchains are completely open for anyone to join with an incentivizing mechanism to encourage more participants, such as ownership of coins

§ Private blockchains will generally be set up as permissioned networks with restrictions on who is allowed to participate, and only in certain transactions



Understanding Tokens/Coins§ Cryptocurrencies represent tokens that determine

ownership of a unit of account on the blockchain ledger§ It is often impossible to participate in a ledger without owning

such a token. In this sense, tokens are not money or a security but a means to participate and exert influence within a network

§ It is an entirely new asset class altogether§ Cryptocurrencies can be converted to fiat currencies via an

exchange such as Coinbase with a link to your bank account



Initial Coin Offerings

Source: CB Insights, TokenData

Quarterly blockchain equity and ICO financing Q3’16-Q4’17



Manual Background Checking v Blockchain

Source: Cielo



Blockchain for Credentialing



“In the future, we may also compete with companies that utilize emerging technologies, such as blockchain……These competitors may offer products and services that may, among other things, provide automated alternatives to the services that freelancers provide on our platform or change the way that businesses engage service providers so as to make our platform less attractive to users.”

Source: Upwork Preliminary Prospectus - Risk Factors, September 2018

Blockchain: A New Hope or a New Menace?



Blockchain for Talent Acquisition





Barriers to Blockchain§ Lack of interoperability

– Blockchains have been designed as standalone systems with little attention paid to wider enterprise infrastructure

– Agreed standards do not exist§ No sensible legal framework§ Market fragmentation§ Distrust



Blockchain Valued at $3.1 Trillion by 2030

Source: CB Insights, TokenData

Three Waves of Blockchain

Source: Gartner



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Presentations Available to Download

§ Available to purchase§ Place your order at Conference Media Table near registration

outside of the Grand Ballroom, Level 4

Audio Recordings with Screen Capture

§ Available on March 5§ Download link - www.staffingindustry.com/ppts_efna19



Coming up…§ Leadership Panel: Industry Leaders Peer Into the Future

4:45-6:00 pm | Grand Ballroom 5-6 - Level 4Moderator:– Barry Asin, President, Staffing Industry Analysts

Panelists:– Tom Bickes, CEO, EmployBridge– Ted Hanson, President, ASGN Inc– Ranjini Poddar, CEO & Co-Founder, Artech, LLC– Joyce Russell, President, Adecco Group US Foundation

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New Opportunities and New Threats in Blockchain · §Private blockchains will generally be set up as permissioned networks with restrictions on who is allowed to participate, and