blockchain - supply chain innovationblockchain - supply chain innovation an introduction by andre...

Mazars USA LLP is an independent member firm of Mazars Group.A C C O U N T I N G | T A X | C O N S U L T I N G

BLOCKCHAIN - SUPPLY CHAIN INNOVATIONAN INTRODUCTION BY ANDRE STERLEY

November 11, 2018

Mazars USA LLP is an independent member firm of Mazars Group.

1. A practical introduction

2. What is blockchain & cryptoassets?

3. How does it work and why revolutionary?

4. Regulatory updates

5. Beyond bitcoin – Supply Chain Case Studies

PREVIEW

November 11, 2018 BLOCKCHAIN & CRYPTOASSETS - AN INTRODUCTION


1. INTRO – INTERNATIONAL REMITTANCE


NEW YORK CITY

CAPE TOWN


2. WHAT IS BLOCKCHAIN – A DEFINITION


GLOBAL APPEND ONLY SHARED LEDGER

Block #75Transactions

TransactionsTransactions






2. WHAT IS BLOCKCHAIN – A DEFINITION


“…allow authenticated data communication between each player

in a supply chain without intermediation of a trusted central

organization.”


2. WHAT IS BLOCKCHAIN – LEDGER ECONOMICS


CENTRALIZED LEDGER

BANK

PROPERTY

CORPORATE RECORDS

MEDICAL RECORDS

GENERAL LEDGER

FLIGHT & HOTEL

IDENTITY

ACADEMIC CERTIFICATES

TRUSTED RECORD KEEPERS


2. WHAT IS BLOCKCHAIN – DECENTRALIZED LEDGER?


CENCORSHIP FREE INCLUSIVE IMMUTABLE

NO SINGLE POINT OF FAILURE


3. THE BYZANTINE GENERALS’ PROBLEM



3. MISSING PIECE TO THE INTERNET?



4. THE BLOCKCHAIN STACK SIMPLIFIED


Blockchain(Public key cryptography; P2P network; Protocol)

Applications


4. TYPES OF BLOCKCHAINS – SUPPLY CHAIN


PUBLIC VS PRIVATE

• Consortium collusion• Scale• Network effect


4. REGULATORY UPDATES


• All security except BTC & ETH• ICOs + Exchanges to registerSEC• 2014 Notice• 1030 ExchangeIRS• Intangibles • Investment Co AccountingFASB


5. BEYOND BITCOIN


Supply chain

Financial services2

Personal Identity


5. IMPROVE SUPPLY CHAIN BY:


TRANSPARENCY - Increase traceability of

material throughout the entire supply chain

VERIFICATION - Decrease admin costs;

and authenticating against counterfeit

goods.


5. SUPPLY CHAIN CHALLENGES:


Industry is still learning about security, cost, and implications;Continued difficulty linking blockchain

to physical objects;Complexity convincing all

stakeholders to adopt blockchain.


5. SUPPLY CHAIN – FOOD EXAMPLE


From shore to plate: Tracking tuna on the blockchainIndonesia 6 month pilot using

blockchain + smart tagging & mobileVerify slavery free and social

sustainability claims




Catch Travel Consumer $




Catch• Fish tag or SMS• Local NGO – fisherman conditions• Create catchEventID (fisherman

IDs, Local NGO, fish etc.)




Travel• RFID Tag• Location, temp sensors• Smart contract payment $$$




Consumer

• NFC enabled smart sticker -mobile

• In store tablets• Restaurants – smart menus


5. SUPPLY CHAIN – LUXURY GOODS EXAMPLE


Farm Mill Knit Studio

Demand for transparencyEach step is registered and trackedTokenized garment - digital history

Authenticity - anti-counterfeit $500BSmart contract automation

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Andre SterleyDigital Asset Group Leader(P) 212.375.6629(E) [email protected]

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THANK YOUQUESTIONS?


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