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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 · ledger Cost reduction Complex technology Regulatory implications Implementation challenges Competing platforms 89+#:#+(;, Faster,

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Page 1: BLOCKCHAIN, UN CATALYSEUR POUR LA DIGITALISATION · ledger Cost reduction Complex technology Regulatory implications Implementation challenges Competing platforms 89+#:#+(;, Faster,

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

STEVE DEGOSSERIE, CEO MI8

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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

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MISSION-CRITICAL APPS, BOTS & SMART CONTRACTSBLOCKCHAIN, 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

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BITCOIN, MOTHER OF BLOCKCHAINSBitcoin 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

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BITCOIN, MOTHER OF BLOCKCHAINSBLOCKCHAIN, 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

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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/]

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BLOCKCHAIN, UN CATALYSEUR POUR LA DIGITALISATION

WHAT IS A “BLOCKCHAIN” ?blockchain technologyA 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]

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SMART CONTRACTS & PROCESS AUTOMATIONBLOCKCHAIN, 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.

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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

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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

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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]

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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 & escrow

▸ Better forecasting

▸ Improved liquidities, better asset utilisation

BLOCKCHAIN, UN CATALYSEUR POUR LA DIGITALISATION

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BLOCKCHAIN, UN CATALYSEUR POUR LA DIGITALISATION

End-To-End Blockchain-Enabled Supply ChainExample Of Dry Aged Beef 

Source: Oliver Wyman, Blockchain: The Backbone of Digital Supply Chains [http://www.oliverwyman.com/our-expertise/insights/2017/jun/blockchain-the-backbone-of-digital-supply-chains.html]

BLOCKCHAIN: THE BACKBONE OF DIGITAL SUPPLY CHAINS

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REAL-WORLD BLOCKCHAIN SOLUTIONS▸ IBM & Maersk, world’s largest shipping company: Video

▸ SKUChain : Digital supply chains

▸ Everledger : Provenance tracking of high-value assets

▸ US General Services Administration (GSA) : Public procurement of IT services

▸ Many more …

BLOCKCHAIN, UN CATALYSEUR POUR LA DIGITALISATION

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ETERNITRACE: BELGIAN PROJECT FOR BLOCKCHAIN SUPPLY-CHAINBLOCKCHAIN, UN CATALYSEUR POUR LA DIGITALISATION

EterniTrace aims at building a

“Blockchain & Smart Contracts enabled platform for Digital Supply-Chains, connected to IoT sensors and fully integrated with standard ERPs.”

We are looking for sponsors :)

If you believe this project could be interesting for your company, let’s

connect !

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FUTURISM: AUTONOMOUS E-COMMERCEBLOCKCHAIN, UN CATALYSEUR POUR LA DIGITALISATION

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

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THANK YOU