Topic: Blockchain. Speaker: Sudin Baraokar Chief Mentor Bankchain

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2 Topic: Blockchain Speaker: Sudin Baraokar Chief Mentor Bankchain

3 Agenda Introduction to Blockchain Platform Architecture Use Cases Bankchain Alliance Collaboration Successes and Benefits realised Key Learnings and Best Practices Audience Questions and Discussion 3

4 At the core of blockchain is: Introduction to Blockchain An expanding list of cryptographically signed, irrevocable transactional records shared by all participants in a network. Each record contains a time stamp and reference links to previous transactions. With this information, anyone with access rights can trace back a transactional event, at any point in its history, belonging to any participant. A Blockchain is a widely disseminated archive of data that maintains a continually-expanding register of records fully and reliably protected from any alteration or modification. By 2026, the business value added by blockchain will grow to slightly over $360 billion, then surge to more than $3.1 trillion by

5 Blockchain Build 5

6 Blockchain for the Programmable Economy Blockchain technologies offer a new paradigm in how businesses and individuals interact and transact, offering the promise of transforming business and society. From its origins in bitcoin, blockchain has evolved to become a collection of technologies that offers the potential of value generation across all industries. Its capabilities include the ability to: Represent assets digitally Enable new forms of value exchanges Interact/transact without a central authority or a middleman Ensure distributed copies of identical records that are immutable and traceable Enable management, governance and execution of partnerships and contracts across entities 6

7 Blockchain to build Marketplaces 7

8 Blockchain Inherent Features 8

9 Growth of Blockchain 9

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11 Blockchain Business Advantages 11

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13 DLT - The Future of Financial Services 13

14 Value Drivers for Blockchain 14

15 Blockchain DLT Transformation 15

16 Regulatory Challenges 16

17 Regulatory Ecosystem 17

18 The New Model 18

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20 Permissioned vs Permission-less 20

21 Strategy Blockchain adoption will fast become mainstream in the coming years and it is predicted that by 2030 a majority of the Financial and Fintech Services like Payments, Settlements, Verification, Information Exchanges will be based on Blockchain. In this sessions Sudin will highlight all the pioneering work done in Ecosystem Development and and Collaboration in Bankchain Alliance Member Banking Alliance for Blockchain. The Strategy involved with the focus on Agility, Security, Emerging Tech, Interoperability, usability and need to have Business based outcomes. This session will highlight Banks approach to Innovations in APIs on the Fly, Service Virtualisation, Collaborative codevelopment with Bankchain Alliance, Hackathons and the Model and Culture change in our Technology Teams. This strategy will be shared to help cope with Hype and Emerging Technologies, Emerging Themes, Skills Upgradation, Business Monetisation and Ecosystem sustainability. 21

22 Challenges in Emerging Tech Development Business Outcomes Web Services Interoperability Business Monetisation Development Agility Security - Access to Startups and Developers How to Collaborate in the Application Development Ecosystem 22

23 Drivers / Objectives Software Development & Engineering in the new world Agility Interoperability Emerging Tech Emerging Themes Skills Upgradation Ecosystem Sustainability 23

24 Technology and Innovations as Enabler API Service Virtualisation APIs on the Fly Continuous Collaboration Open Stack Open Innovation / Alliances / Partnerships 24

25 Bankchain - Collaborative Alliance of banks for Blockchain 25

26 BankChain members (in chronological order) State Bank of India ICICI Bank DCB Bank Kotak Bank Federal Bank Deutsche Bank UAE Exchange Emirates NBD Lulu Exchange RAKBANK (National Bank of Ras Al-Khaimah) South Indian Bank National Payments Corporation of India Saraswat Bank RBL Bank TJSB Sahakari Bank CCIL Bank of Baroda Mahindra & Mahindra Financial Services Limited Export-Import Bank of India Al Fardan Exchange IndusInd Bank Riviera Investors (NBFC) Axis Bank Yes Bank Aadhaarshila Enroll Systems Pvt. Ltd. Dubai Islamic Bank Adarsh Credit Co-operative Society Ltd. BFC Group Holdings W.L.L. Bank of Maharashtra Bank Dhofar Citibank, N.A. Indian Bank HDFC Bank Managed and operated by: Primechain Technologies Pvt. Ltd. Infrastructure Partner: Skylark Information Technologies Pvt. Ltd. Exclusive Cloud Partner: Microsoft Cyber Security Advisor: Data Security Council of India Preferred Technology Advisor: Intel Strategic partner: MEDICIPrim Fintech Pvt. Ltd. Preferred Legal Advisor: Jerome Merchant + Partners Integration Partner: IBM 26

27 The BankChain Projects 1. Cross border remittance 2. Corporate KYC and Charge Registry 3. LoU, Bank Guarantees, LC & other Documentary Credits 4. Employee background verification 5. Document authentication, verification & storage 6. Vendor on-boarding 7. KYC (Individual) 8. Invoice discounting / supply chain finance / factoring 9. Trade Finance (Documents) 10. Non-performing assets (NPA) and other stressed assets 27

28 Successes and Benefits realised Pooling of Technology Resources Building Community IP Cost Saves through Open Stack Building Internal Innovation Engines Sharing of Knowledge Co-Development of Solutions 28

29 Key Learnings Fail Fast Understand Code Take the Shot Be patient with Hype Tech 29

30 Best Practices Collaborate Alliance Ecosystem Partnerships Bankable Solutions APIs Regulatory Sandboxes 30

31 Joint Regulatory Sandboxes 31

32 BFSI Sandboxes 32

33 BFSI Patterns 33

34 Blockchain Reading Material Sudin Baraokar