FINNOVASIA KL - 2016

INTRODUCING NEUROWARE

AND OUR NON-FINANCIAL PROTOCOLS

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FIRST MSC STATUS BLOCKCHAIN COMPANY

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Mark Smalley - CEO !

Living in Malaysia for the past 19 Years !

Building Web Applications for 15 Years !

Spent 10 Years Building Tech Communities !

Developing Blockchains Apps for 5 Years

Ruben Tan - CTO !

Building Web Applications for 10 Years !

Active Community Evangelist & Presenter !

Early Developer at MyTeksi and OnApp !

Studying Distributed Consensus for 5 Years

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EXPERIENCED INNOVATORS IN AN EARLY ECOSYSTEM

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Only Malaysian Company to Graduate from 500 Startups in Silicon Valley

1st Company in Asia Providing Public Blockchain APIs & Developer Toolkits

Helped Organize World’s 1st Bank-Backed Blockchain Hackathon (DBS)

Over 15 Years of Collective Blockchain Development Experience

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WE’VE SPENT TWO YEARS DEVELOPING OUR BASE PROTOCOLS

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DISTRIBUTED STRUCTURED DATA

DECENTRALIZED ID & AUTHENTICATION

KEY LOGISTICS & BROADCASTING

CORTEX

NEUROWARE’S AGNOSTIC PROTOCOLS

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CORTEX - BLOCKCHAIN AGNOSTIC OPERATING SYSTEM

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WHAT ARE BLOCKCHAINS…?

THE DAWN OF THE DISTRIBUTED LEDGER

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BITCOIN digital asset

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VS BLOCKCHAINS distributed ledger

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DOGECOIN 36,000 DOGE

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VS =

ETHEREUM 1 ETH = 0.01 BTC

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BREAKING DOWN THE BASIC TERMINOLOGY

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Distributed Ledger Technology (DLT) is the top-level terminology

Blockchains are one sub-set of distributed ledgers

Public chains are another sub-set of blockchains

Bitcoin is just one of a thousand different public blockchains

There are hundreds of private chains & distributed ledgers without blocks

From distributed DNS to file-storage & git repos - they can do many thingsHowever…

When you are able to transfer a native asset on its ledger - magic happens:

THE TRANSFER AND SETTLEMENT OCCUR AS A SINGLE EVENT

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BLOCKCHAINS - THE FASTEST GROWING TECH OF OUR LIFETIME

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In 2016 alone, over 100 banks and leading financial institutions started working on blockchain projects - with the eco-system receiving over US$1 billion in funding

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BITCOIN AS A PAYMENT METHOD

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SOME OF THE INSTITUTIONS LEADING THE WAY

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multiple blockchains for cross-boarder payments and loyalty

Exploring KYC and AML via the blockchains

Patented a blockchain based wire transfer system

Blockchain based loyalty platform

Blockchain based remittance platform

Blockchain based trade finance platform

Custom blockchainfor settlements

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WHERE DO WE (MALAYSIA) STAND …? from the coindesk.com most recent quarterly report

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MOST INCREASED INTEREST IN BITCOIN

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WHERE DO WE (MALAYSIA) STAND …? also from the coindesk.com most recent quarterly report - but not the MY part

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WHY THE FUSS…? WHAT DO PUBLIC BLOCKCHAINS DO…?

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They provide an immutable tamper-proof audit-trail of the truth

Data can be easily shared and independently verified by third-parties

Vastly increased security that is much less vulnerable to attack or outage

Programmable contracts that can radically reduce human errors and costs

“While FinTech Disrupts Banks, the Blockchains Disrupt FinTech"

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COMPARED TO WHAT…? TRUTH CAN ONLY BE STORED ONE WAY

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CENTRALIZATION!DATABASES

!!!!!

HILTON / TAXIS

DECENTRALIZATION!THE CLOUD

!!!!!

AIR BNB / UBER

DISTRIBUTION!BLOCKCHAINS

!!!!!

OPEN BAZZAR / LAZOOZ

TECHNOLOGY

BUSINESS MODELS

TECHNOLOGY

BUSINESS MODELS1950 2000 2010 2015 2030

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CAN CENTRAL SYSTEMS COMPETE? FINTECH 1ST FOR A REASON

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Reconciling Multiple Central Ledgers Vs Auto-Audited Distributed Ledgers?

Batch Processing CSVs every 24 Hours Vs Really Real-Time Settlement?

THE OLD WAY THE NEW WAY

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USE-CASES NEUROWARE PARTNERS ARE EXPLORING

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BANKING From AML & KYC cost reductions to reward schemes & reaching the unbanked or general key-signing

LEGAL

Cryptographically secure document notarization, copyright protection,

and dispute settlement

GAMING Share digital assets between an

entire network of games, or use the blockchains to create immutable

persistent open-worlds

HEALTHCARE Complete and immutable family

histories of every related diagnosis and condition available from one key

GOVERNANCE

InIncrease the accountability of public officials and offer total transparency in

voting and elections

ASSETS Track possession of your property in

the digital economy by creating, managing, storing, or sharing

multiple asset classes

LOYALTY Creation of programmable processes

and automated auditing trails that increase transparency and efficiency

LOGISTICS

Tracking of shipping cycles and provenance systems that

autonomously verify actions

INSURANCE Integrated insurance and medical

services can be intelligently designed to quickly and contractually settle

claims with cryptographically

http://BCE.asia

BLOCKCHAIN EMBASSY OF ASIA

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INTRODUCING MALAYSIA’S FIRST BLOCKCHAIN CONSORTIUM

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WE HAVE A DIVERSE SELECTION OF FOUNDING MEMBERS

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WITH MANY USE CASES BEING DISCUSSED AND DEVELOPED

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USE CASE 01: ATA-PLUS

EQUITY CROWD FUNDING

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NEUROWARE’S FIRST CORTEX SUBSCRIBER

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Kyri - Co-Founder & Director!of Licensed ECF Platform

“For ECF to flourish, there must be a deep depository of trust and

transparency that is frictionless & inclusive. Neuroware’s tech enables

us to provide all that and more!”

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PROBLEMS FACED BY ECF OPERATORS AND OUR SOLUTIONS

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Difficult to truly include as many retail investors as possible due to 50 limit

Difficult to attract international investors due to current market sentiment

Difficult to actually work in real-time due to offline financial trustee servicesand daily batch-based CSV transactions with other financial institutions

Having worked with ATA-Plus now for several months, we’ve been able to:

Utilize the blockchains to store public data related to our campaign

Utilize the blockchains to provide an optional digital form of equity

Utilize the blockchains to develop an ECF loyalty reward platform

Become asia’s only licensed ECF operator to accept Bitcoin

USE CASE 02: PRACTICAL BANKING FOUNDATION

CRYPTO TRUSTEE SOLUTIONS

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PROBLEMS FACED BY TRUSTEE SERVICES AND OUR SOLUTIONS

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Difficult to truly justify small transactions - let alone micro-transactions

Impossible to interface via APIs and in-turn automate certain processes

Reliance upon physical signatures and manual verification processes

Having worked with ATA-Plus and sanctioned banking partners, we have:

Begun working on multi-signature key-custodian signing services

Allowing for optional consumer key generation and recovery services

This allow for some really interesting innovations - such as:

Shared responsibilities - with no one entity having control of anything

Programmable contracts - enabling automations and developer access

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GENERATING MULTI-SIGNATURE ESCROW ADDRESSES

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Investor Operator Issuer

Public Key

Wallet

Multi-signature Master Public Extended Key

EscrowAddress

Public Key Public Key

BitcoinTransfer

Investor Investor

Public KeyPublic Key Public Key

Ata Plus

Public KeyPublic Key Public Key

Issuer Issuer

Public KeyPublic Key Public Key

TrusteeCryptoServices

Partner BANK

Partner BANK

Partner BANK

Partner BANK

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COMPLETING MULTI-SIGNATURE ESCROW TRANSACTIONS

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Investor Operator Issuer

Private Key Private Key

InvestorPartner Bank Investor

Private KeyPrivate Key Private Key

Ata PlusPartner Bank

Partner Bank

Private KeyPrivate Key Private Key

IssuerPartner Bank Issuer

Private KeyPrivate Key Private Key

TrusteeCryptoServices

Wallet

1 2

EscrowAddress

Initiate Transfer Request

Approves Transfer Request

BitcoinTransfer

Signs

Signs

USE CASE 03: FOR ANYONE AND EVERYONE

LOYALTY REWARDS AS A PLATFORM

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REASONS FOR USING BLOCKCHAINS FOR LOYALTY REWARDS

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326 327 328 329 330 331 332 333 334 335

Provides the opportunity to radically reduce infrastructure costs by outsourcing the hosting and APIs to merchants and (or) partners

Empower merchants to create their own digital currencies automatically pegged and transferred through a global reserve that you control

Introduce multi-signature arbitration at local and (or) global levels

Allow for developers, consumers and merchants to communicate directly

Provide an immutable and verifiable record of every event ever…

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CONSUMER CONVERTS AIR MILES TO AIR TIME IN REAL TIME

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CREATING AN ECONOMY FROM LOYALTY POINTS

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THE ELEPHANT IN THE ROOM

SUPPLY CHAINS & TRADE FINANCE

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TRADITIONAL SUPPLY CHAINS ARE COMPLICATED

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COMMON PROBLEMS WITH THE MAJORITY OF SUPPLY CHAINS

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Multiple entities maintaining multiple copies of the truth within easily compromised closed silos requiring painfully slow & expensive reconciliation

Time consuming requirements for setting-up third-party financial trustees and physical escrow accounting processes between each transaction

Lack of automation between checkpoints, processes and sensory inputs

Excessive use and reliance upon physical paper-trails and certification

ALL OF THESE PROBLEMS EXIST DUE TO A LACK OF TRUST( if only there was a way they could all use the same source of truth )

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SIMPLIFYING SUPPLY CHAINS WITH BLOCKCHAINS

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PUBLIC BLOCKCHAINS!SHARED EVERSTORE DATABASE & SMART CONTRACTS

SELLERBUYERMYR SGD

ESCROW INSURANCE CERTIFICATIONS

BITCOIN REMITTANCE

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EDUCATION IS THE MOST IMPORTANT COMPONENT

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“Having finally seen Cortex in action, I can safely say these guys have something truly

special on their hands, my only disagreement is that they should be based in Singapore!”

Anson Zeal - CEO!Bitcoin Remittance Company

“Neuroware have been our ‘go to’ guys with

respect to blockchains and critical in raising the understanding of distributed ledgers for our senior leadership teams and partners”

“Neuroware have consistently been our key consultants with regards to blockchain

technology. Their participation provided us with use cases that weren’t first obvious”

Amran Hassan!Head of Innovation

Max Tiong!Head of FinTech

BUILDING THE FUTURE TOGETHER !

bit.ly/investinneuroware