for liquid value networks the blockchain alliance · the blockchain alliance for liquid value...
TRANSCRIPT
The Blockchain Alliance for Liquid Value Networks
Building a Fairer, Faster Global Value Exchange
Micha Roon, Sweetbridge
Update: June 19, 20172
Who is Sweetbridge?
We transform high-friction value chains into Liquid Value Networks.
We use Blockchains, Smart Contracts, and Cryptocurrency to tokenize assets and create liquidity.
TOgether with our partners, we are building a Blockchain Alliance - an extended network for a Liquid Value Exchange
Sweetbridge aligns economic incentives for all network participants so that everyone prospers.
Update: June 19, 2017
The Sweetbridge Team
A distributed team of proven business leaders around the world with backgrounds in supply chain technology, advanced blockchain development and enterprise software sales and delivery.
Founder and CEO Scott Nelson● Visionary Founder and CEO of Trax
Technologies, 22 years● Global leading Logistics Settlement & Data Risk
Mgmt solution● 35 years of global logistics experience● Led successful venture funding, exit to PE firm at
3.5x revenue● Consulting, finance, data science and executive
management
A non-profit foundation based in Switzerland.
Update: June 19, 2017
Today's Supply Chains Must Evolve
Alliances and Ecosystems for the Future
Transformation or Extinction? ● New Connected age, ever-increasing pace of Change, explosion of Choices
Current institutions cannot ensure survival● Hardened 1950s-style org hierarchy, centralized controls, enterprise & govt data silos● Industry ecosystems must flexibly share and collaborate, not compete
Unprecedented opportunity to transform commerce● Blockchain, Smart Contracts and Cryptocurrency; with AI, Big Data and IoT● Assets and Talent can reach to their full value potential in a fairer, faster way● Truly distributed and autonomous - a new era of Liquid Value Chains
4
Update: June 19, 2017
Blockchain Alliance Partners
Evolving business models: Tokenization
6
Sweetbridge Solution Summary
Network-Collateralized
Liquidity
LiquidSettle-ment
Liquid Value
Network
Interest-free Liquidity:
● Crypto-currencies
● Digital Assets
Settlement Platform
● Crypto-factoring
● Trade Finance
Network Optimization
● Share Assets
● Share Talent
● Outcome-based Rewards
Sweetbridge Solution Summary
Network-Collateralized
Liquidity
LiquidSettle-ment
Liquid Value
Network
Interest-free Liquidity:
● Crypto-currencies
● Digital Assets
Settlement Platform
● Crypto-factoring
● Trade Finance
Network Optimization
● Share Assets
● Share Talent
● Outcome-based Rewards
10
Bridgecoin enables self-funding: How it works
Put your asset in your own blockchain vault
You still own your asset, you still receive any benefit from its appreciation. The asset is locked, and you can’t transfer the asset’s ownership, until you unlock it, by paying back the loan
Borrow what you want, up to the cap
The cap limit you can borrow to is based on the type of asset.
Use the liquidity you borrow for anything
It’s yours, you own the asset, you own the value, use it any way you want
11
Setting up the UOU borrowing line
● UOU = “You owe You”
● Sweetbridge “oracle” determines asset value & risk○ USD in Phase 1○ Collateralization amount○ Periodic re-evaluation○ Based on asset-type
● Collateral-to-Liquidity Ratio set by asset type
Treasury Protocol
Using Bridgecoin to borrow from your UOU Line
● Treasury protocol (smart contract) funds Bridgecoin to borrower
■ Initial Treasury funding from TGE
■ Fiat exchangeable on token exchanges
■ Bridgecoin can be used to purchase other crypto-currencies
● New Bridgecoin supply is minted when new assets are collateralized
● Bridgecoin destroyed when UOU paid off
● Bridgecoin minted or destroyed to maintain peg to USD
Fund Bridgecoin from Treasury Protocol
13
Network Collateralized Liquidity: Fund Yourself
Lock & Borrow
Payback & Unlock*
Bridgecoin convertible to ETH, BTC, USD through exchanges
* Payback period varies by asset type
Sweetbridge Solution Summary
Network-Collateralized
Liquidity
LiquidSettle-ment
Liquid Value
Network
Interest-free Liquidity:
● Crypto-currencies
● Digital Assets
Settlement Platform
● Crypto-factoring
● Trade Finance
Network Optimization
● Share Assets
● Share Talent
● Outcome-based Rewards
The liquidity problem
Update: June 19, 2017
Liquid Settlement for Supply Chains : The Basics
The Cash Conversion Cycle
Receive Parts(Inventory In)
Pay Suppliers(Cash Out)
Sell FG to BuyerInvoice Buyer
Buyer signs invoiceShip FG
(Inventory Out)
Receive Payment for FG (Cash In)
DPO
DIO
DSO
DPO = Days Payable Outstanding (A/P) DIO = Days Inventory Outstanding Inventory) DSO = Days Sales Outstanding (A/R)
Cash Conversion Cycle (CCC) = DSO + DIO - DPO
Initial target
Place OrderWith Supplier
18
What are the opportunities for
Working Capital improvement ?
There are 3.5 trillion euros ($3.9T) tied up in net working capital in supply chains at any given time. Liquidity solutions are expensive, tie up borrowing capacity and are unavailable to companies that need it most. Working capital optimization is both a significant opportunity and critical need.
Update: June 19, 2017
Invoice$1000
Buyer & Seller digitally sign
Invoice
Invoice$1000
Digital invoice in seller vault
Invoice is locked
-$500
Borrow $500 from your A/R
Receive $495 in Bridgecoin
Exchange Bridgecoin
for $495 cash
Buyer pays $1000Invoice
(xx days later)
Use $1000 to buy Bridgecoin
-$0
$1000 of Bridgecoin Use $500 of
Bridgecoin to pay off UOU
Balance of $500 Bridgecoin
Unlocks Invoice - goes to Invoices
Paid
Seller receive balance of cash ($500)
InvoicePaid
Invoice Settlement: Crypto-factoring w/Bridgecoin
Seller - Receives Cash InstantlyBuyer - Can Pay Bill XX Days Later
Vault
Vault
Update: June 19, 2017
Invoice$1000
Buyer & Seller digitally sign
Invoice
Invoice$1000
Digital invoice in seller vault
Invoice is locked
-$500
Borrow $500 from your A/R
Receive $500 in Bridgecoin
Exchange Bridgecoin
for $500 cash
Buyer pays $1000Invoice
(xx days later)
Use $1000 to buy Bridgecoin
-$0
$1000 of Bridgecoin Use $500 of
Bridgecoin to pay off UOU
Balance of $500 Bridgecoin
Unlocks Invoice - goes to Invoices
Paid
Seller receive balance of cash ($500)
InvoicePaid
Invoice Settlement: Crypto-factoring w/Bridgecoin
Seller - Receives Cash InstantlyBuyer - Can Pay Bill XX Days Later
Vault
Vault
SweetCoin can be unlocked
Update: June 19, 2017
Why blockchain?
▶ Open market for coins
▶ Open interface for partners
▶ No infrastructure costs
21
Smart Settlement BusTM coordinates on & off-chain
Blockchain
Blockchain
BuyersSellers
VaultsTreasury
oracle(s) e.g.,risk
prediction Sweetcoin Bridgecoin
Digital Invoices
Crypto-coins Crypto-coins
Smart Settlement BusTM
Smart Commercial
Contracts
Smart Agreements
Decentralized UI
Smart Contractse.g., authorize
payment
Questions?
Update: June 19, 2017
Sweetbridge Team
● 24 years building world-class talent teams for supply chain, logistics and technology companies
● Successful entrepreneur and founder of executive search firm DKM & Associates
● Prior to DKM, had a successful career in finance, consulting, and business process improvement for global companies in multiple industries - KPMG, NCR & Fujitsu
Rhonda Milligan – Chief Talent Officer
● 30 years global supply chain ops, sales & consulting for companies such as SAP, Philips, Siemens, Nokia, China Shipping, Chemchina, Sinochem and Petrochina
● Fluent Chinese speaker with 12 years in China, 4 years in Europe
● Expert in Value-based Sales and Consulting
Ken Kaminsky – VP AsiaDylan Figlo – VP Marketing
● Customer-focused performance marketer with proven competence in profitably growing brands like Bonobos and Tuft & Needle from $8M to $100M+ in 2 yrs
● Expert in developing personalized online experiences for a suite of digitally native brands
● Passionate thought leader on youth education and their adaptation to technology
Micha Roon – Principal Blockchain Engineer
● Software engineer with 20 years consulting experience ● Blockchain enthusiast and Ethereum developer since
2014● Founder and CTO for 2 startups in data management
and distributed systems● MIT Fintech certification - decentralized economy
specialist
24
Hamid Moutawakkil - Systems Architect
● 20+ years in IT covering all major aspects of the software industry
● Served as the Founder and CTO at PreVisionX, a highly configurable and customizable service platform for the On Demand Economy
● Prior to PreVisionX worked for KPMG, Metrixware, Exakis and vNext
● Carries a degree medicine from the Medical School Xavier Bichat in Paris and a degree in Business from the Business School ISG Morocco
Jason English – VP Marketing - Blockchain Protocols
● VP Marketing and employee #3 of ITKO from pre-funding to $330M acquisition by CA
● Director Digital Marketing for i2 and VP B2B Marketplace Design consulting unit
● Early Web 1.0 Information Architect and game designer at Agency.com, Museworthy/Activision
● Co-founder/CMO SignalMind - mobile responsive web platform with 30K+ active pages
Update: June 19, 2017
Sweetbridge Team
● 20+ years experience managing operations, corporate facilities, IT support, and general office management
● Most recently, worked at DKM & Associates focusing on operations-performance, productivity, efficiency of organization, social media, website, and IT
● Spent 18 years at the largest wine producer in the world, Constellation Brands
Tiffany Tucker – Director of Community Ops
Brian Weaver - Technical Operations
● Over 17 years of fortune 500 experience with Intel and Hewlett Packard
● Technical strengths include Linux, Amazon AWS cloud, and automating infrastructure
● Loves the challenge of global project deployment and solving complex issues
Andrew Cernek – Sr. Software Engineer
● Full stack software engineer ● Co-founder at Landiverse where he built a project
using MongoDB● Thrives while working with fast scaling, young
companies ● BA in Religious Studies, NAU
Robert Zaremba - Sr. Blockchain Engineer
● System architect and computer scientist ● Proven experience in blockchain technology including
ICOs, Cryptocurrency market analysis, Smart Contracts research, system development, data mining.
● MSc Computer Science, Wrocław University● Founder of Scale-IT, previously CTO for AgFlow and Head
of IT for Energy Plaza
25
● 20+ years experience developing a transparent company culture spanning a global workforce that focuses on empowerment based on merit
● Experienced in growing a global SaaS and managed services company with operations on four continents
● Co-founder of Trax Technologies, Inc., 22 years
Karen Nelson – Chief Culture Officer
Jana Heywood - Executive Administrator
● Over 20 years experience working in global logistics and SaaS environments
● Experienced in a wide variety of roles in the business development cycle that includes administration, training, HR, finance, legal, technical writing and facilities
Chris Gerke - Legal Counsel
● 15+ years of experience as an international tax lawyer, and an expert in tax policy
● Most recently, was a Director in PwC's Blockchain / Smart Contracts Practice with the firm's FinTech Advisory Practice
● Prior to PwC, he worked for General Electric and Kimberly-Clark on the corporate international tax team
● JD from the University of Chicago Law School, and is a member of the Illinois Bar
● A member of the U.S. Congress Joint Committee on Taxation as the Legislative Counsel