Blockchain

Digitizing the flow of goods, information and money with blockchain

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This blog has been updated to include video replays of live sessions at IBM Think 2019 and presentation pdfs when available.


Blockchain is one of the hottest movements in the financial services industry, but people continue to question where it exists on the hype cycle at every major conference I attend. While other companies are still defining use cases and exploring proof of concepts, IBM already has blockchain solutions in production and often encourages new clients to skip the proof of concept stage and join one of their existing networks.

At Think 2019 in San Francisco, attendees will hear firsthand some of the ways that clients are using blockchain to digitize the flow of goods, information, and money across the world. Below are a few sessions (and their accompanying abstracts) you can attend to learn more about these use cases and lessons learned along the way.

Stop by booth 535 to see live demos and speak with blockchain experts.

I will be updating this blog throughout the week with news, video replays, and photos.

Also, take a moment to read some of the exciting blockchain financial services announcements and news released at Think:

–>14 banks and 400 companies now using we.trade for global trade finance

–>Global trade: The role of blockchain-enabled trade finance networks

–>IBM Blockchain Platform 2.0 beta announcement


 

Digitizing the Flow of Goods, Information and Money with Blockchain

Tuesday, 9:30 AM – 10:10 AM | Session ID: 6925A
Yerba Buena Center for the Arts | Theater Room

Speakers:

  • Marie Wieck, IBM
  • Roberto Mancone, we.trade
  • Natalie Dyenson, Dole Food Company, Inc.
  • Karen Oldfield, Halifax Port Authority

 

Early adopters have built blockchain networks to re-wire their existing processes and transactions. Networks across banking, financial markets, insurance, retail, consumer goods and others have moved into production and are realizing business value. The vision of these networks is to fully connect the flow of goods to information to money to form efficient networks to automate business processes in global trade. Join leaders in the blockchain industry who are realizing this vision today, including the leader of a dozen major European banks, a pioneer of a food safety network, a consumer goods leader and the team that is building a payments network.

–>Watch replay

My key takeaways: IBM is maturing blockchain solutions quickly and now working on higher opportunity challenges such as zero knowledge proofs such as protecting confidential or competitive data while in a network, managing multi-cloud deployments, and the network of networks concepts where they make different industry blockchain networks interoperable across disciplines.

   

 

 

Rewiring Global Trade Finance Networks

Wednesday, 8:30 AM – 9:10 AM | Session ID: 7245A
Moscone South, Exhibit Level, Hall B | Data & AI Theater C

Speakers:

  • Jason Kelley, IBM
  • Roberto Mancone, we.trade

Trading lies at the heart of a market economy. Yet many banks have not developed their trade finance solution, a vital component of trade deals, for decades. We.trade, a joint venture between nine major European banks, created a trading platform using Blockchain to reduce friction and ease the trading process for small and midsized enterprises. It has recently added three former Batavia consortium banks and is now serving 13 European countries. Join this session to learn how they broke down the barriers between the banks, and hear the future vision of expanding the network globally.

–>Watch replay

–>Read blog

–>Watch video

 

CLS’s Experience Delivering CLSNet to Production Using Hyperledger Fabric in Collaboration with IBM

Wednesday, 11:30 AM – 12:10 PM | Session ID: 3834A
InterContinental Hotel, Fifth Floor | InterContinental Ballroom A

Speakers:

  • Ram Komarraju, CLS Bank

CLS is a market-leading financial settlement firm that processes over $5 trillion in transactions per day. In November 2018, CLS launched CLSNet, an automated and standardized service for bilaterally netting payments for FX trades not eligible for the CLS settlement service. In an effort to outpace disruption in the industry, CLS committed to developing CLSNet on Hyperledger Fabric, and successfully launched one of the first enterprise financial services into production on Blockchain technology. CLSNet has gone live with Goldman Sachs and Morgan Stanley, and several other market-leading banks are currently committed to participating in the service by the end of 2018 and into Q1 2019.

Trust in Trade: Blockchain for Trade Finance

Wednesday, 12:30 PM – 1:10 PM | Session ID: 2020A
InterContinental Hotel, Fifth Floor | InterContinental Ballroom A

Speakers:

  • Roberto Mancone, we.trade
  • Parm Sangha, IBM

Trading lies at the heart of a market economy. Yet many banks have not developed their trade finance solution, a vital component of trade deals, for decades. We.trade, a joint venture between nine major European banks, created a trading platform using blockchain to reduce friction and ease the trading process for small and midsize enterprises. It has recently added three former Batavia consortium banks and is now serving 13 European countries. Join this session to hear how We.trade broke down the barriers between the banks, and the future vision of expanding the network globally.

–>View pdf

–>View blog

–>Watch video

Crypto Assets: How Are They Being Used to Make Payments on Blockchain?

Thursday, 8:30 AM – 9:10 AM | Session ID: 7607A
Moscone South, Exhibit Level, Hall A | Smarter Business Showcase Theater B

Speakers:

  • Jesse Lund, IBM
  • Ram Komarraju, CLS Bank
  • Michael Warner, Federal Reserve Bank (San Francisco)
  • Tammy Camp, Stronghold
  • Jed McCaleb, Stellar Development Foundation

This discussion will focus on central bank digital currencies (CBDC) and their impact on local economies and cryptocurrencies. CBDCs can be divided into two forms. A retail CBDC is a digital version of central bank fiat currency that is universally available, which entails public access to central bank liabilities, as it partially replaces banknotes. In the case of a wholesale CBDC, the accessibility to this form of money is limited to commercial banks and clearing houses that make up the interbank market. This session explores the use of CBDCs plus many types of crypto assets and the roles they can play in token economics.

–>Watch replay

Thailand Blockchain Initiative (BCI): The Journey of Successful Collaborative Platform

Thursday, 2:30 PM – 3:10 PM | Session ID: 7547A
InterContinental Hotel, Third Floor | Grand Ballroom C

Speakers:

  • Kanungnid Purod, IBM
  • Alan Kang Hong Lim, IBM
  • Silawat Santivisat, Kasikornbank Public Company Limited

The Thailand Blockchain Community Initiative (BCI) is a cross-industry initiative launched by Thailand’s top banks. Through BCI, the banks plan to use a blockchain-based platform to guarantee their clients’ payment obligations for enterprise auctions and other domestic trading procedures. Kasikornbank first developed this platform with the IBM Blockchain Labs team in 2016. The solution is designed to help simplify and expedite procedures for the Letter of Guarantee (LG) process, with the goal of improving the customer experience, strengthening security and reducing costs for clients and the bank. This talk will discuss lessons learned from growing the blockchain ecosystem across industries, including governance and legal best practices.

 

IBM Blockchain Deployment and Integration for the Financial Services Industry

Thursday, 4:30 PM – 5:10 PM | Session ID: 5206A
InterContinental Hotel, Third Floor | Grand Ballroom A

Speakers:

  • Thomas Bohner, IntellectEU
  • Luís Marado, IntellectEU

Blockchain business applications are not standalone and Hyperledger Fabric is not an island. To bring distributed systems and applications into production, we need to count on reliable integration and infrastructure. With the IBM Blockchain Platform, transactions become scalable and secure. Our live demo will feature the following functionality with the appropriate integration layers: Catalyst API to connect to the IBM Blockchain Platform; Catalyst Integration Platform connecting any protocol to any Blockchain network; data analytics platform integration with IBM Blockchain Platform; Ethereum and IBM Blockchain Platform integration; and SWIFT and IBM Blockchain integration, creating a “golden copy” for downstream processing.


–>Browse more Think 2019 financial services blogs

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