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  • BLOCKCHAIN, UN CATALYSEUR POUR LA DIGITALISATION JOURNÉE DES CADRES D’ACHATS ET DE LOGISTIQUE - 24/10/2017

    STEVE DEGOSSERIE, CEO MI8

  • BLOCKCHAIN, UN CATALYSEUR POUR LA DIGITALISATION

    AGENDA

    ▸ Bitcoin, mother of Blockchains

    ▸ What is a “Blockchain” ?

    ▸ Smart Contracts & Process automation

    ▸ Current challenges in Logistics / Transportation

    ▸ Blockchain : The Backbone of Digital Supply-Chains

    ▸ Real-world Blockchain solutions

    ▸ Futurism: Autonomous e-commerce

  • MISSION-CRITICAL APPS, BOTS & SMART CONTRACTS BLOCKCHAIN, UN CATALYSEUR POUR LA DIGITALISATION

    We build end-to-end digital solutions to boost your business’ operations.

    Steve Degosserie, CEO mi8 SPRL

    ▸ 18 years in Software industry (McKinsey Solutions, Zetes, Fluxys)

    ▸ International Executive MBA, Louvain School of Management

    ▸ Master of Science in Digital Currency & Blockchain technology, University of Nicosia (Cyprus)

    Clients we serve

  • BITCOIN, MOTHER OF BLOCKCHAINS Bitcoin is a private, decentralized, digital cryptocurrency

    ▸ Private: not issued by a sovereignty

    ▸ Decentralized: no issuing party; units are issued algorithmically

    ▸ Digital: Fully electronic; with no underlying peg to assets

    ▸ Cryptocurrency: Anti- counterfeiting though cryptography

    BLOCKCHAIN, UN CATALYSEUR POUR LA DIGITALISATION

  • BITCOIN, MOTHER OF BLOCKCHAINS BLOCKCHAIN, UN CATALYSEUR POUR LA DIGITALISATION

    ▸ October 2008: Satoshi Nakamoto’s Bitcoin design paper

    ▸ January 2009: Genesis block; Bitcoin becomes operational

    ▸ October 2009: $1 = 1,300 BTC

    ▸ February 2011: $1 = 1 BTC

    ▸ April 2013: 1 BTC = $100

    ▸ December 2013: 1 BTC = $1000

    ▸ October 2017: 1 BTC = ~$6000

  • WHAT IS A “BLOCKCHAIN” ? BLOCKCHAIN, UN CATALYSEUR POUR LA DIGITALISATION

    Under the hood of Bitcoin, is the Blockchain,

    or Distributed Ledger Technology (DLT)

    “An incorruptible digital ledger of economic transactions that can be

    programmed to record not just financial transactions but virtually

    everything of value.”

    Source: CapGemini, Blockchain: Opportunities and Challenges across Multiple Industries [https://www.capgemini.com/resources/blockchain-opportunities-and-challenges-across-multiple-industries/]

    https://www.capgemini.com/resources/blockchain-opportunities-and-challenges-across-multiple-industries/

  • BLOCKCHAIN, UN CATALYSEUR POUR LA DIGITALISATION

    WHAT IS A “BLOCKCHAIN” ? blockchain technology A look at

    Potential applications

    The blockchain is a decentralized ledger of all transactions across a peer-to-peer network. Using this technology, participants can confirm transactions without the need for a central certifying authority. Potential applications include fund transfers, settling trades, voting, and many other uses.

    Cryptocurrency is a medium of exchange, created and stored electronically in the blockchain, using encryption techniques to control the creation of monetary units and to verify the transfer of funds. Bitcoin is the best known example.

    Has no intrinsic value in that it is not redeemable for another commodity, such as gold.

    Has no physical form and exists only in the network.

    Its supply is not determined by a central bank and the network is completely decentralized.

    Someone requests a transaction.

    The transaction is complete.

    A verified transaction can involve cryptocurrency, contracts, records, or other information.

    The new block is then added to the existing blockchain, in a way that is permanent and unalterable.

    The requested transaction is broadcast to a P2P network consisting of computers, known as nodes.

    What is it?

    How it works:

    Increased transparency

    Accurate tracking

    Permanent ledger

    Cost reduction

    Complex technology

    Regulatory implications

    Implementation challenges

    Competing platforms

    Automotive

    Faster, cheaper settlements could shave billions of dollars from transaction costs while improving transparency.

    Financial services

    Using a blockchain code, constituents could cast votes via smartphone, tablet or computer, resulting in immediately verifiable results.

    Voting

    Patients' encrypted health information could be shared with multiple providers without the risk of privacy breaches.

    Healthcare

    The network of nodes validates the transaction and the user's status using known algorithms.

    Validation

    Consumers could use the blockchain to manage fractional ownership in autonomous cars.

    Once verified, the transaction is combined with other transactions to create a new block of data for the ledger.

    "Money is no object: Understanding the evolving cryptocurrency market," PwC, 2015 "A Strategist's Guide to Blockchain," strategy+business, January, 2016 "How Blockchain Technology Is Disrupting Everything," TechDay, 2016

    Sources: © 2016 PwC. All rights reserved. PwC refers to the US member firm or one of its subsidiaries or affiliates, and may sometimes refer to the PwC network. Each member firm is a separate legal entity. Please see www.pwc.com/structure for further details. This content is for general information purposes only, and should not be used as a substitute for consultation with professional advisors.

    Source: PwC, Making sense of Bitcoin, Cryptocurrency, and Blockchain [https://www.pwc.com/us/en/financial-services/fintech/bitcoin-blockchain-cryptocurrency.html]

    https://www.pwc.com/us/en/financial-services/fintech/bitcoin-blockchain-cryptocurrency.html

  • SMART CONTRACTS & PROCESS AUTOMATION BLOCKCHAIN, UN CATALYSEUR POUR LA DIGITALISATION

    Source: Diagram by codebrahma.com

    “A Smart Contract is the automated execution of an agreement.” (code)

    Smart Contracts are tiny pieces of software code that execute

    autonomously on the Blockchain.

    Contracts are made between humans. Smart Contracts are running

    agreements between humans, apps & devices.

  • Benefits

    ‣ Control automated execution, minimize contract fulfilment risks

    ‣ Cost much lower thx to less human intervention, third-parties, papers

    ‣ Security secure execution on the Blockchain, cryptography

    ‣ Transparency all contract transitions can be verified

    ‣ Flexibility anything is possible —> “programmable money / flows of value”

    BLOCKCHAIN, UN CATALYSEUR POUR LA DIGITALISATION

    SMART CONTRACTS & PROCESS AUTOMATION

    Source: PwC - How Smart Contracts automate Digital Business [http://usblogs.pwc.com/emerging-technology/how-smart-contracts-automate-digital-business/], diagram by draglet.com

    http://usblogs.pwc.com/emerging-technology/how-smart-contracts-automate-digital-business/

  • When multiple companies share data & processes across a digital collaborative supply chains, Smart Contracts enable:

    ‣ New capabilities to be added to existing services & processes across the group

    ‣ Collaboration criteria to be strictly and autonomously enforced

    BLOCKCHAIN, UN CATALYSEUR POUR LA DIGITALISATION

    SMART CONTRACTS & PROCESS AUTOMATION

    Source: Deloitte - Blockchain, Enigma, Paradox, Opportunity [https://www2.deloitte.com/content/dam/Deloitte/uk/Documents/Innovation/deloitte-uk-blockchain-full-report.pdf], diagram by SKUChain

    https://www2.deloitte.com/content/dam/Deloitte/uk/Documents/Innovation/deloitte-uk-blockchain-full-report.pdf

  • CURRENT CHALLENGES IN LOGISTICS / TRANSPORTATION ▸ Customer expectations

    ▸ B2B: cost efficiency, transparency, better traceability and predictability

    ▸ B2C: get goods faster, more flexibility, low delivery cost

    ▸ Technological breakthroughs

    ▸ Digital is a challenge: lack of digital culture and training

    ▸ Outdated IT solutions in the age of Mobile, Cloud, IoT, Data, Analytics, Blockchain

    ▸ Automation will reshape the workforce

    ▸ Challenge of Collaboration

    ▸ Consortium model, who pays the bill

    ▸ Share granular data, security, transparency vs privacy

    ▸ Increased pressure from competition, authorities, regulators

    ▸ EU General Data Protection Regulation (GDPR)

    ▸ Drug Supply Chain Security Act (DSCSA) -> November 2023

    BLOCKCHAIN, UN CATALYSEUR POUR LA DIGITALISATION

    Source: PwC - The future of the Logistics industry [https://www.pwc.com/gx/en/industries/transportation-logistics/publications/the-future-of-the-logistics-industry.html]

    https://www.pwc.com/gx/en/industries/transportation-logistics/publications/the-future-of-the-logistics-industry.html

  • BLOCKCHAIN: THE BACKBONE OF DIGITAL SUPPLY CHAINS ▸ Enhanced visibility

    ▸ E2E traceability, automated alerts;

    ▸ Read access by regulators, quality inspectors, custom agents

    ▸ Process Optimisation

    ▸ Less paperwork, less data reconciliation, tamper-proof documents,

    ▸ Reduction of errors & bottlenecks

    ▸ Cost efficiency

    ▸ Operation excellence, automated payment