blockchain series part 4 of 4: the future of blockchain · 2018. 8. 23. · industries progressing...

Session Subtitle

Blockchain Series – Part 4 of 4:

The Future of Blockchain

#HASHTAG

SPEAKERS

David Fisher

CEO

Integra Ledger

Brian Kuhn

Co-Founder Watson Legal

IBM

Dean Sonderegger

VP Legal Markets

Wolters Kluwer

Katherine Lowry

Director of Practice Services

BakerHostetler

Agenda

• Brief overview of experience, expertise

– Katherine

– Dean

– Brian

– David

• What is happening now?

• What is expected in…

– 6 months, 1 year, beyond

• Q & A

KATHERINE LOWRY

What industries will be impacted by blockchain?

INDUSTRIES PROGRESSING THE FASTEST WILL HAVE:

1. Significant business problem

2. Deep understanding of digital

transformation

3. Appreciation of the interrelated catalysts

of blockchain: AI, analytics and IoT

technologies

BLOCKCHAIN ENGAGEMENTS ARE ON THE RISE ACROSS INDUSTRIES

7

Financial

services

verticals

Manufacturing and

natural resources, retail,

and transportation

verticals

Other industry

verticals

BLOCKCHAIN ENGAGEMENTS ARE DIVERSIFYING

8

+ 7%

Communications,

Media, and Services

2018 v. 2017

- 35%

Financial Services

(Securities*, Banking,

Insurance)

Are blockchain technologies converging?

"I WOULD LIKE TO SEE IN A YEAR FROM NOW FOR MOST PEOPLE TO THINK IT'S ABSURD TO SAY 'PRIVATE NETWORKS' OR 'PUBLIC NETWORKS."

JOHN WOLPERT, THE FORMER BLOCKCHAIN LEAD AT IBM

CONSENSUS 2018

PrivatePublic

Ecosystem

Convergence

• Flexibility

• Interoperability

• Increase immutability

• Explore self-sovereign

identity

HYBRID

PrivatePublic

HYBRID

• Flexibility

• Interoperability

• Increase immutability

• Explore self-sovereign

identity

Ecosystem

Convergence

Network

Data Source

Identity

Wallet

Security

Blockchain technology 20 years from now…

• Blockchains optimized specifically for

certain functions or industries

• Greater activity in the space between

public and private blockchains

• Offerings that bundle different blockchain

and traditional software solutions

together

DEAN SONDEREGGER

Where Are We Going?

Is There a Pot of Gold

Somewhere?

Or Something Else Altogether?

TECHNOLOGY LIFECYCLE ADOPTION CURVE

Innovators Early

Adopters

Early

Majority

Late

MajorityLaggards

Chasm

QUESTIONS FOR THE LEGAL MARKET

• Where are we at in adoption of Blockchain technology?

• Where / when / how will the technology cross the chasm?

BUILDING TRUST IN TRANSACTIONS

• Immutability + Authentication => Trust

• Immediate value in consumer and business transactions

• Serves as the foundation for additional movement up the value chain

• Questions…

– Which blockchain? What characteristics?

– Who participates? Who sponsors?

– Where does adoption occur first?

QUESTIONS?