PARIS – BRUSSELS – SINGAPORE mkhazzaka@azzana.net www.azzana.net

1

Cognitive Analytics Management Conference 2018

American University of Beirut

November 28, 2018

B LO C KC H A I N A N E W F O U N DAT I O N F O R

E C O N O M I C & S O C I A L I N S T I T U T I O N S

M i c h e l K H A Z Z A K A

Head of Blockchain Practice

Azzana Consulting

PARIS – BRUSSELS – SINGAPORE mkhazzaka@azzana.net www.azzana.net

95 % 2

... 10 YEARS LATER , BLOCKCHAIN GOLD RUSH !

WHAT PERCENTAGE OF ENTREPRISES HAVE

ONGOING BLOCKCHAINS PROJETS THIS YEAR ?

Source Deloitte

PARIS – BRUSSELS – SINGAPORE mkhazzaka@azzana.net www.azzana.net

$ 2.1 Billion 3

... 10 YEARS LATER , BLOCKCHAIN GOLD RUSH !

HOW MUCH ENTREPRISES SPENT ON

BLOCKCHAIN SOLUTIONS IN 2018 ?

Source Deloitte

PARIS – BRUSSELS – SINGAPORE mkhazzaka@azzana.net www.azzana.net 4

... 10 YEARS LATER , BLOCKCHAIN GOLD RUSH !

Cryptocurrencies

marketcap

Count of Blockchain

Projects launched in

2016 (less than 10 %

survived 6 months)

$ 2 Trillion 25 000 $ 1 000 000

Minimum budget spent

by 69 % of French

entreprises on Blockchain

projects in 2018

PARIS – BRUSSELS – SINGAPORE mkhazzaka@azzana.net www.azzana.net 5

WHAT’S WRONG WITH MONEY AND PAYMENTS ?

1 local payment transaction (online or proximity) can have in average 8 participants, 15 steps, over 5 layers of processing steps and can take between 1 day up to 7 days to complete !

Payer Payee

Originator

Beneficiary

Central Bank

Domestic Card Scheme PSP

Clearinghouse

1 to 7 days

1

23

4 56

7

8

912

1110

13

1415

Exchange of goods & services

+ Telecom operator for 3D Secure SMS

And many other participants before and after the payments Tx

100 € 98 €

- 2 %

PARIS – BRUSSELS – SINGAPORE mkhazzaka@azzana.net www.azzana.net 6

WHAT’S WRONG WITH MONEY AND PAYMENTS ?

Onlin

e vs

Vic

inity

20x m

ore

frau

d 1 to 15 days

to complete a paym

ent

Fees - 2 %

IoT incompatible

Cross B

order

ATM

Terminals

Smart Cards NFC

Mobile Point of Sale mPOS

EMV

PC

I DSS

3D S

ecur

e

VISA

SWIFTJCB

CUP

SEPA

Target2

PARIS – BRUSSELS – SINGAPORE mkhazzaka@azzana.net www.azzana.net 7

FIXING PAYMENT AND MONEY

Any payments transaction (online or proximity) is near realtime, peer to peer and worldwide!

Builtin Internet of Value

Payer & Originator

Clearinghouse

30 sec to 10 min

Payee & Beneficiary

0,2 % to 3% fees might apply if need to be enter the scheme via Transfer or Card payments

PARIS – BRUSSELS – SINGAPORE mkhazzaka@azzana.net www.azzana.net 8

CRYPTOCURRENCIES WALLET

PARIS – BRUSSELS – SINGAPORE mkhazzaka@azzana.net www.azzana.net 9

ROADMAP FOR BLOCKCHAIN ADOPTION IN FINANCIAL SERVICES

PARIS – BRUSSELS – SINGAPORE mkhazzaka@azzana.net www.azzana.net 10

NATURAL EVOLUTION OF INFORMATION SYSTEMS

CENTRALIZED DECENTRALIZED DISTRUBUTED

Ex. Telecom , Airline Ex. Google, Facebook ex. Emule, Torrent

PARIS – BRUSSELS – SINGAPORE mkhazzaka@azzana.net www.azzana.net 11

INTERNET VS WEB VS BLOCKCHAIN

Blockchain Native Applications

Blockchain Hybrid Web Applications

Web Applications

WORLD WIDE WEB BLOCKCHAINS

INTERNET NETWORKSReproduced from the book « The Business Blockchain »

PARIS – BRUSSELS – SINGAPORE mkhazzaka@azzana.net www.azzana.net 12

THE DISRUPTION OF THE CURRENT BUSINESS MODEL

Companies acting as intermediaries are invited to rethink their business model to move from a centralized intermediation model to a peer-to-peer model

B L O C K C H A I N N E W B U S I N E S S M O D E L

C U R R E N T I N T E R N E T M O D E L

Value Services disintermediated business model

Fee-Based Intermediated business model

PARIS – BRUSSELS – SINGAPORE mkhazzaka@azzana.net www.azzana.net 13

BANKING ACCOUNTS IDENTITY ISSUANCE

Banque de France use cases

PARIS – BRUSSELS – SINGAPORE mkhazzaka@azzana.net www.azzana.net 14

PAYMENTS & ACCEPTING CRYPTOCURRENCIES

+33 6 48 12 46 62 mkhazzaka@azzana.net

B E C O M E A B LO C KC H A I N B U S I N E S S E X E C U T I V E

— S U M M E R 2 0 1 9

M i c h e l K H A Z Z A K A Head of Blockchain Practice

Azzana Consulting