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Blockchain and its potential in the financial sector

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Blockchain has the potential to disrupt the financial sector in many ways. Anson Zeall gave the presentation at EPIC Singapore (https://www.coassets.com/epic/)

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Blockchain and its potential in the financial sector

  1. 1. Blockchain and its potential in the financial sector A proud member of
  2. 2. About me
  3. 3. Anson Zeall CEO & Co-Founder ● Co-founder and Chairman of ACCESS (Association of Cryptocurrency Enterprises and Startups, Singapore) ● Computer Science by training, hedge fund manager by profession ● Founded a private family office trading/managing assets of US equities, derivatives and Asian Real Estate ● Built a Multi-level marketing company, top 10 youngest sales in Asia Pacific ● 3-time entrepreneur linkedin.com/in/ansonzeall angel.co/anson-zeall twitter.com/ansonzeall angel.co/coinpip | founders@coinpip.com
  4. 4. About ACCESS
  5. 5. ● Promote Singapore globally and industry-wide as the premier location for the development of businesses and services built upon blockchain technologies. ● United public voice and platform for the Singaporean cryptocurrency community ● Join and connect with us: ○ www.meetup.com/accesssg ○ www.facbeook.com/accesssingapore ○ www.twitter.com/accesssg angel.co/coinpip | founders@coinpip.com
  6. 6. What is blockchain?
  7. 7. angel.co/coinpip | founders@coinpip.com (not really accurate) “A blockchain is a public ledger of all [Bitcoin] transactions that have ever been executed.” - Investopedia
  8. 8. angel.co/coinpip | founders@coinpip.com
  9. 9. angel.co/coinpip | founders@coinpip.com
  10. 10. WHAT IF...
  11. 11. angel.co/coinpip | founders@coinpip.com Transfer made WITHOUT a financial incentive
  12. 12. angel.co/coinpip | founders@coinpip.com
  13. 13. angel.co/coinpip | founders@coinpip.com Endless innovation possibilities in both the financial and non-financial spaces
  14. 14. Status of blockchain in the financial sector
  15. 15. angel.co/coinpip | founders@coinpip.com
  16. 16. Why?
  17. 17. angel.co/coinpip | founders@coinpip.com
  18. 18. Capital markets are open for disruptive innovation
  19. 19. angel.co/coinpip | founders@coinpip.com http://techcrunch.com/2015/06/14/will-bitcoin-finally-bring-down-the-house-of-medici/ Fall of double entry accounting?
  20. 20. angel.co/coinpip | founders@coinpip.com Make way for Smart Contracts?
  21. 21. What about AML/CFT?
  22. 22. angel.co/coinpip | founders@coinpip.com
  23. 23. Central Banks Global Permission-based Fiat- denominated Blockchain Financial Institutions
  24. 24. DBS only sees a subset of what MAS sees.
  25. 25. Banks can see transactions related to their banks and stakeholders
  26. 26. HOWEVER...
  27. 27. angel.co/coinpip | founders@coinpip.com X Blockchain CANNOT survive without movement of X
  28. 28. angel.co/coinpip | founders@coinpip.com
  29. 29. Get your hands dirty and start TESTING ideas on the bitcoin and ripple blockchains NOW
  30. 30. angel.co/coinpip | founders@coinpip.com
  31. 31. Anson Zeall CEO & Co-Founder linkedin.com/in/ansonzeall angel.co/anson-zeall twitter.com/ansonzeall anson@coinpip.com angel.co/coinpip | founders@coinpip.com

Editor's Notes

  • Start: I’m pretty sure most of you know.
  • end: so when you think from the angle that it’s just a logged form of bittorrent, where each transactions can be stored and can never be erased
  • End: When you think from things this way...
  • Start: I’m pretty sure most of you know.
  • end: it’s like having a database stored on the internet where you can’t change it, no mistakes tolerated, no hacking possible (not that I could think of)...and no fraud
  • 21B. 21B is the amount of fees US companies paid to the banks and wiring agents last year when sending money to freelancers. That’s a lot of money.
    How did they get those fees?
    Today if you want to pay $500 to a contractor in India…. (turn page)

    <bigger…>
  • Talk about bank communications …. how do we solve this?
  • Talk about bank communications …. how do we solve this?
  • Talk about bank communications …. how do we solve this?
  • Movement of bitcoins does not mean it has to be used as currency. There are many ways to do it.
  • end: Why bitcoin and not others?
  • ×