connected finance ppt - dell technologies...blockchain prevents the "double spend" problem...
TRANSCRIPT
Blockchain
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Blockchain is a decentralised ledger that records transactions without exposing any confidentialdetails about the parties or subjects involved and is revolutionising how we transact. Accordingto Gartner, this market is growing fast, and is expected to grow to over $176 billion by 2025.19
Blockchain
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Blockchain
Blockchain offers the financial services industry opportunities to create disruptive innovation that will help re-establish trust with customers while driving down operational costs. Major financial institutions are investing in this emerging technology to offer a new level of security that benefits both the organisation and the customer. The industry is already investing in Blockchain to help combat money laundering, enhance Know-Your-Customer (KYC)compliance, and secure digital payments, and validate trade.
The following outlines some of the current use cases that we are helping to scale:
1. Smart Contracts & Data DisseminationBlockchain is a large data distribution network with guaranteed delivery of the same data to every participant and protects the modification of that data by powerful algorithms. Digitally verify the negotiation of a contract and remove the need for third party intermediaries.
2. Track & TraceThe Blockchain works as a digital ledger that lends itself to tracking the ownership of assets, also known as provenance assurance. Our customers are able to now track the end-to-end lifecycle of an asset collecting the entirety of its ownership history. For example: Who touched the transaction? What did they change? When did this happen? All of this can be used for lot tracking, maintenance tracking, and various other use cases.
3. Smart Assetsand Asset Transfer Blockchain prevents the "double spend" problem and prevents equivocation. This allows for the permanent and one-time transfer of an asset from one party to another. Financial institutions can keep track in detail of inventory throughout a value chain by preventing double-recording.
4. Digital Identityand Verifiable Claims Blockchain provides a distributed trust of data so that one party can verify the claims of another and trust that the data is accurate and has not been tampered with. This is useful in identity management, contracts, transcripts, and digital identify as examples.
Dell Technologies is focused on removing existing barriers for Blockchain adoption in theenterprise. The pace of technological innovation at Dell Technologies has enabled us tobuild robust, secure high-throughput and high capacity distributed ledger technologies.These solutions rely on carefully distributed-system design and strong engineering.
Blockchain-as-a-Service
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Blockchain
Dell Technologies Blockchain-as-a-Service solution consists of the following:
Readiness Assessments: Our Blockchain readiness assessments provide a comprehensive overview of the Blockchain solution working closely with Dell Technologies advisory partners.
Global Scalability: Our enterprise-ready Blockchain platforms are focussed on high performance and enabling global scalability.
Data Portability: Our integration platform simplifies data capture, transferring data across smart contracts and multi-chain integration
Operational Toolkits: Management & auditing tools which report Blockchain activity.
Enterprise-Grade Privacy & Security: Dell Technologies can provide a secure and private blockchain environment at scale.
The Dell Technologies enterprise-ready Blockchain solutions provide cost-effective, energy efficient integrated with worldclass security standards. Our Blockchain solution can help financial institutions achieve best-in-class performance and scalability through leveraging leading consensus mechanism.
Dell Technologies Blockchain solution delivers the following:
1. It is the fastest most scalable consensus algorithm on the market today.
2. Dell is adding value to the core Blockchain by building enterprise level utilities and integrating with the Blockchain. This can also integrate with existing infrastructure environments.
3. Dell Technologies Blockchain can run on any cloud, making it a flexible choice for financial services.
4. Dell has the unique ability to manage and report on multiple Blockchains through the Dell user interface.
For more information:Video: https://bit.ly/2NEiTdK
Dell Technologies is interested in finding financial services partners to co-create Blockchain use cases and identify new ways to deliver value using the Dell Blockchain-as-a-Service solution. Dell EMC has recently opened a Blockchain lab in London to explore viable use cases with clients.
78%
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of our survey respondents believe theystand to lose competitive advantageif they do not eventually implementblockchain(Deloitte)20
74%of our survey respondents report thattheir organisations see a “compellingbusiness case” for the use ofblockchain technology(Deloitte)20
almost 40% of respondents reportthat their organisations will invest $5million in Blockchain technology inthe coming year(Deloitte)20
40%
Why Dell?
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Contact uswww.delltechnologies.com
@DellTech
Dayne Turbitt
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Margarete McGrath
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Glenn Mallon
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Craig Reid
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