FinTech Belgium Summit 2017 - Blockchain slides
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Koen Vingerhoets discusses the importance of blockchain governance and regulation for financial institutions, emphasizing the need for private permissioned ledgers to create secure environments. KBC Bank is working on various blockchain projects across trade finance, payments, and insurance since forming a consortium in 2017. The focus is on enhancing existing capabilities rather than merely adding features, alongside addressing governance challenges for blockchain infrastructure.
FinTech Belgium Summit 2017 - Blockchain slides
- 1. Koen Vingerhoets – @IthronKoen on
- 2. 2 Blockchain is not a loose cannon Some things are often forgotten in the blockchain space… but as bank, we can not afford to do so. Three words are needed to scale Liability GovernanceRegulations
- 3. 3 Private permissioned ledgers Trusted financial institutions create a secure environment on the infrastructure that already holds your money. Public Private BTC 1984 ? KBC Permissionless Permissioned
- 4. 4 Our blockchain projects Our approach is to develop useful and needed blockchain capabilities for the day after tomorrow. We’re working on projects in… • KBC Trade Finance • KBC Bank – Payments • KBC Bank – Credits • KBC Insurance • KBC Securities • KBC Corporate Banking • R3 CEV • B-Hive.eu • Belgium (with other financial actors) …
- 5. Focus on making things better, not just adding stuff.
- 6. KBC Trade Finance| we.trade
- 7. Internal 7 Our History Blockchain brought us together in 2017 • Built a consortium out of 9 banks across Europe • Designed a solution benefiting our members and our clients • Established a Joint Venture around a cutting-edge technology • Developed a concept to allow other banks to participate • Put in place an effective governance
- 8. KBC Insurance | Document Authenticity
- 9. Every digital asset deserves a hash on a blockchain. BHAG : Big Hairy Audacious Goal
- 10. KBC Bank – Credits | Car Loans
- 12. 12 Belgian Blockchain Institute? As soon as a node runs more than one solution, there will be interference. An open question How to govern an infrastructure with blockchains? - Updates on nodes across companies/projects? - Onboarding of new partners on nodes? - Code validation? - …?