NASDAQ’S LOKHAIN AND THE Jessup.pdf · APAC BLOCKCHAIN CONFERENCE Peter Jessup, SVP of Global...
Transcript of NASDAQ’S LOKHAIN AND THE Jessup.pdf · APAC BLOCKCHAIN CONFERENCE Peter Jessup, SVP of Global...
NASDAQ’S BLOCKCHAIN AND THE
ENABLEMENT OF COMPETITIVE ADVANTAGE
APAC BLOCKCHAIN CONFERENCE
Peter Jessup, SVP of Global Technology, NasdaqMarch 7, 2017
WHO WE ARE Over the past decade, Nasdaq has transformed its business from a U.S.-based equities exchange to a diversified global FinTech
company. Today, the company is firmly established as a leading provider of trading, exchange technology, information and public
company services across 6 continents.
Applied Technology
Growth
Innovation
Resiliency
Total Shareholder Return
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WHAT WE DOWe provide the infrastructure, tools and strategic insight to help our customers navigate the complexity of global capital markets
and realize their capital ambitions. The four pillars of our business are:
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Tech Intel ListTrade
TECHNOLOGY TRENDS SHAPING FINANCIAL SERVICES?
MICROSERVICES
QUANTUM
COMPUTINGCRYPTOGRAPHY
AUGMENTED
REALITY /
VIRTUAL
REALITY
BLOCKCHAINCLOUD
SERVICESSMARTPHONE
ECOSYSTEM
BIG DATA
MACHINE
INTELLIGENCE
Innovations Advancing The FinTech Landscape
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INTELLIGENT/
PERSONAL
VIRTUAL
ASSISTANT
INTERNET
OF THINGS
DIGITAL
MONEY
SECURE DATA STOREOnly parties who should
access it, can access it.
STABILITY THROUGH
DECENTRALIZED CONSENSUSInput is guaranteed / validated through
decentralized consensus.
CRYPTOGRAPHY ENSURES INTEGRITYData remains consistent,
once written it cannot be modified.
WHAT IS THE BLOCKCHAIN?
FOUNDATIONAL TECHNOLOGYIt is not a financial asset,
it is not a business.
GROWTHPotential enabler for cost savings but also
for growth, new business models and market
structures.
INNOVATIONPart of Nasdaq’s larger tech innovation
portfolio.
SECURITY. INTEGRITY. CONSENSUS. FOUNDATIONAL. GROWTH. INNOVATION.
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COMPLEX WEB OF THIRD PARTY INTERMEDIATION
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CSD
Investor InvestorBroker Dealer / Clearing Member
Global Custodian
Sub-Custodian
Sub-Custodian
Global Custodian
Broker Dealer
Marketplace
CCP Clearing Member
Government Corporation Central Bank
CAPITAL MARKETS ON BLOCKCHAIN
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Investor InvestorMarketplace
Government
Corporation
Asset and Cashledger(s)
Central Bank
Agile business extensibility building upon a strong
foundation
Shared services to be leveraged by business
applications
CORE SERVICESBUSINESS
APPLICATIONS
Open, deterministic, high speed communication,
operations and resiliency layer
NASDAQ CORE
BUILT FOR CHANGE INTEGRATION ROBUSTNESS INNOVATIONGUIDING PRINCIPLES FOR DEVELOPMENT:
CORE
BLOCKCHAIN SERVICEPART OF THE NEW NASDAQ FINANCIAL FRAMEWORK
NFF BLOCKCHAIN SERVICE
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DEFINED PARADIGM
Strong Architectural Separation
Defined design constructs
Flexible Data Model
LEDGER AGNOSTIC
Multiple Integrations
Native Language Bindings
Flexible Connectivity Options
DESIGN FEATURES
Bare Metal and Cloud Support
Stand-alone or Integrated Service
HSM Integration
COMMON API
Asset Definition
Asset Issuance
Account Creation
Asset Transfer
Account Query
3 BLOCKCHAIN USE CASES
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eVoting NEW MARKETS
LINQ
ESTONIA VOTING APPLICATION
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VOTING SERVICECreated to provide a uniform method of developing secure voting applications.
First generation powered by Chain Smart Contract Scripts developed jointly by Nasdaq and Chain.
Second generation powered by Trusted Oracles developed by Nasdaq.
BLOCKCHAINBallot Record of Truth
VOTING APPLICATIONCreated to manage the voting life-cycle for the Estonia Proxy Voting Proof of Concept.
Built using the Voting and Blockchain Services and supports:Creation of Voter and Administration AccountsIssuance/Transfer/Rescinding of Voting RightsCreation of Voting Token(s)Registration To Vote/Cast VoteViewing Voting Results
VOTING SERVICE TOKEN STATE DIAGRAM
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VOTING SERVICE TOKEN STATE DIAGRAM
APPENDIX
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BLOCKCHAIN SERVICE MODEL
ConfirmedBlocks
Confirmed Blocks
Transactions Transactions
Auditor Application
NFF
Issuer Application
NFF
Issuer Application
NFF
Account Manager
Application
NFF
Account Manager
Application
NFF
Trading Application
NFF
Blockchain Node
Blockchain Node
Blockchain Node
Blockchain Node
Blockchain Node
Blockchain Node
Generator
NFF BLOCKCHAIN SERVICE
Abstracts and provides access to blockchain platforms.
Presents a uniform and consistent method to access a blockchain.
Allows for the definition and issuance of digital assets, creation of digital wallets and transference
of assets.
Provides a common interface to supported blockchain stacks.