new corporate presentation template - confidential 16;9 - 2017 · 2017. 11. 17. · new corporate...

© 2017 Wipro wipro.com confidential 1

Apple. The end of banking

Agenda

Current situation

Fintech

Blockchain and DLT

Massive owners of Digital Lives

Peru, Unlock your potential to shape the future


iMessage PayCash Card ApplePay

1 billion devices …

Apple CashMoney Apple Coin

Music, Apps, TV, Watch, Mac, iPod, iPad, Services, AR, future Car

wipro.com confidential 4© 2017

FINANCIAL CRISIS of LEGIMITICY

FRAUDULENT BEHAVIOURS

BUSINESS IS OUT DATED

NO DIVIDENDS (7%)

customers like it, NEW STANDARS

BANKS HAVE NO AGILITY

BANKS ARE OUT

Startups, DIGITAL NATIVE,

BETTER: cost control, capital

allocation, customer acquisition

, transparency, TRUST, GREAT

SERVICE, specialization, EASY

USE, TARGETED CUSTOMERS

FINTECH: tech based solutions

to make Financial Services

more EFFICIENT

NEW TECH appears

STARTUP adoption

New ways of doing things

NO INNOVATION

STRONG REGULATION (40%)

Compliance, Operations (30%)

TRADITIONAL BANKING

COMPLEX PRODUCTS

BRANCHES NETWORKS

CULTURE, millennials are the

people can help TO CHANGE and

to really understand the market and

customer needs. Millennials

doesn’t like banks and to work

there. TALENT is the Problem.

20th Century banks will DIE

Fintech will consolidate, less players

Banks will become MODULARIZED, APIs


Customer Service, Agility, Asset light operations, Specialization, Transparency, Trust

Fintech

Money, Payments, Marketplaces, Markets

Fintech 1.0

New infrastructure for the flow of value. Blockchain and DLT

Fintech 2.0


Let’s exchange value not just information

Internet of Value

New Internet protocol for value

WEB 3.0

Access truly decentralized

Distributed database in Internet

Foundational and transformational

New WEB Infrastructure


Blockchain & DLTs

PRIVACY

TRANSPARENCY

IDENTITY

DISTRIBUTED

SECURITY

ASYMETRIC CRYPTOGRAPHYDISTRIBUTED NETWORKS

AUTOMATIONSMART CONTRACTS

SINGLE SOURCE OF TRUSTRECORD KEEPINGCOMPLIANCE

NO MIDDLE MANFRICTIONLESS

DISTRIBUTED CONSENSUS ALGORITHMS

CONSENSUS

DIGITAL ASSETSOWNERSHIP TOKENIZATION


Blockchain cross-industry revolution

IoT E-Governments Media

Entertainment

Industrial Revolution

4.0

Commodities

Banking, Financial

Services & Insurance

23 %

Manufacturing

& Technology

30 %

Consumer Products

30 %

Healthcare, Life

Science & Services

35 %

Communications

27 %

Energy, Natural

Resources & Utilities

Disrupting the

Business Model

Digital Identity

Figures based on Q1, FY17 by Wall Street Journal

Someone launches a Transaction (TX).

The request TX is forecast to the distributed P2P network,

composed by computers called NODE s

Verification: the network validates the TX, the digital

signature and NO double spending.

Once the TX is verified is included in a block together with others. The

TX can contain any information regarding the interaction with

digital assets: cryptocurrencies, contracts, records.

A unique footprint is assigned to the BLOCK.

The new BLOCK is added to the existing blockchain that is store in each node of the ledger in a way that immutable and

permanent (Avoiding Tampering through Hash Functions and Pointers).

CryptocurrenciesAre a specific

blockchain use case, digital payment systems. Using

Encryption techniques guarantee the creation of monetary units and

the platform to transfer securely

funds. Also they are used to reward the

nodes that build and forecast the BLOCK.

TRANSACTION is completed.

132

45

How is it work ?


Impact of Blockchain


Investment Numbers today

SBI Holdings

Overstock.com

Digital Currency G.

Blockchain Capital

CME Group

Citi Bank

JP Morgan

BNY Mellon

Santander

Capital One

BBVA

Google

Amazon

Alibaba

Samsung

Facebook

Well Fargo

Bank of America

Thomson Reuters

Goldman Sachs

ABN Amro

Americas Europe & UK India & Asia

Australia

Emerging

Markets


Public vs Private

Public networks that

require every peer to

validate every TX,

maintain the ledger and

run consensus can not:

scale very well, support

private TXs and

confidential agreements.

Throughput

Public: Slower, strong

Consensus Algorithms.

Based on incentives and

rewards.

Private: Fast, better

Throughput. Based on

collaboration and

agreements.

Speed

Public: Anybody can:

Download the SW,

Operate a Node, Validate

Transactions.

Private: We know who is

Operating the node. Legal

or participation

agreement.

Access

Public: Anonymous

Identity provide by

Asymmetric Cryptography.

Private: Known Identities,

better management for

KYC policies compliance.

Identity

Asymmetric encryption

for identity mgmt. &

secure encrypted data.

Public: Open network.

Private: Approved

participants. Based on

Collaboration

Security

Permissioned Blockchains: scalable, modular, secure

ConfidentialBlockchain networks

where every peer has to validate TXs and run

consensus can not scale very well and have lower

throughput. So we introduce Private Transactions and

Confidential agreements. None participants in the agreement shouldn’t see

the TX.

( )• Nodes with different ROLEs. • Smart Contract associated to endorsement policies.


Setting the stage

Customer digital livesGoogle, Apple, Facebook, Amazon


Stability, safety, sustainable growth

Peru

Strong enterprise ecosystem

Innovation

Strong investment in education and technology

Talent


Jairo Romo Marugan

Global Blockchain Sr. Advisor

https://www.linkedin.com/in/jairo-romo/

https://twitter.com/wipro?lang=es

Thank You

new corporate presentation template - confidential 16;9 - 2017 · 2017. 11. 17. · new corporate...

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