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