Blockchain: the power and the potential - Grain trade · Blockchain: the power and the potential....
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Blockchain: the power and the potential GTA Training & Development Program Australian Grains Industry Conference Presented by Emma Weston, Full Profile Thursday, 21 July 2016
Transcript of Blockchain: the power and the potential - Grain trade · Blockchain: the power and the potential....
Blockchain: the power and the potential
GTA Training & Development Program Australian Grains Industry ConferencePresented by Emma Weston, Full ProfileThursday, 21 July 2016
Blockchain
Every now and then, something comes along that might just change everything. And this is one of those moments.
Elmer Funke Kupper, former ASX chief executive
“Check it on the Blockchain” will be the phrase of the 21st century. It will be as commonplace as people saying “Google that.”
Nic Cary, Blockchain.info
blockchain . . . is a new organizing paradigm for the discovery, valuation, and transfer of all quanta (discrete units) of anything, and potentially for the coordination of all human activity at a much larger scale than has been possible before.
Melanie Swan, Futurist, MS Futures Group
[Blockchain is] the glue that is going to drive a productivity revolution across the globe on par with what Henry Ford did with the automobile.
Paul Brody, Americas Strategy Leader, EY
Before we begin . . .
What is blockchain?
Value transfer protocol• What do I mean by ‘Protocol• Blockchain or Distributed Ledger or Shared Ledger• Public vs permissioned• Key benefits
– Immutability (timestamped, auditable)– Distributed nature (efficiency, secure)– Cryptographic security of transactions and identity– Not cryptocurrency dependent– Smart contracts
Use cases• Supply Chain
– Provenance– Tracking
• Government Services• Media
– Copyright & micropayments– Music/Image tracking
• Accreditation– AML/KYC– Certifications– Memberships– Recruitment
• Agriculture
• Payments & settlements• Trade reconciliation• Asset management
– Land titles– Diamonds
• Removal of trusted third party– Conveyancing– Banking– Escrow
• Digital Identity• Document management
– Contracts– Digital signatures
Smart Contracts • Shared software applications on a blockchain• Auto-execution • Enforceability• Confidentiality
Grains Industry Potential • Smart contract evolution and innovation for
buy/sell contracts• Declarations & certifications• Provenance (identity preservation)• Levy collection & remittance• End Point Royalties• Back office efficiencies• Improved access to finance• Secure settlements
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1. Same day payment and title transfer
2. Collection and remittance of levies
3. Provenance
4. Inventory financing with live M2M & stock
reconciliation
AgriDigital Pilot 2016
SMART CONTRACT Pilot example
Our first 12 months . . .
Oct 2015Founded
Jan 2016 Join Stone & Chalk
April Release Broker MVP
May Win Westpac BlockHack16
June Win Blockchain Summit Start Up Pitch
July Appoint Pilot banking partner
Sept Demo at FinovateFall, New York
Oct Go Live AgriblockchainPilot
High Level Road Map
Australian grain agri-blockchain pilot
Global grain agri-blockchain pilot
Grain agriblockchaincommercialisationAustralian
Livestock pilot
X-commodity global agriblockchains
Q4 2016 Q2 2017 2017 2017/18 2018/19
