state of blockchain consortia by william mougayar - december 2016

STATE OF BLOCKCHAIN CONSORTIA DECEMBER 2016

WILLIAM MOUGAYAR INVESTOR & AUTHOR, THE BUSINESS BLOCKCHAIN ADVISOR TO STEEM, ETHEREUM, COIN CENTER, OPEN BAZAAR, BLOQ, TIERION

(C) William Mougayar, 2016.

SCOPE • Who are the organizations that have taken

a collaborative approach to blockchain implementations and learnings?

• Collect basic facts about them • Facilitate the following of their

developments and progress • Map the activity • Share a Google Sheet of data

‣25 global consortiums ‣13 in financial services, 2 in healthcare ‣10 in the USA, 3 in the UK ‣ 22 started in 2016 ‣ 4 working on some aspect of standards ‣ Average # of members in each: 25 ‣ Largest memberships: 100

(Hyperledger and ISITC) ‣Total number of participants: 550

BY THE NUMBERS


THE INTERACTIVE MAP

(C) William Mougayar, 2016.https://drive.google.com/open?id=1L56UMOPbUUGAzCSPyq8ZGNvzuRM&usp=sharing

https://drive.google.com/open?id=1L56UMOPbUUGAzCSPyq8ZGNvzuRM&usp=sharing

FINANCIAL SERVICES DOMINATES


LOCATION: US IS #1 AND EUROPE IS #2


North America Europe Asia/Australia


HASHED HEALTH• N/A • Nashville, USA • Health Care • Oct-2016 • Goal is to accelerate the commercialization of blockchain / DLT solutions in healthcare by

providing development, technical, regulatory, and other necessary services as needed for our members. We partner with the right partners and blockchain tech solutions for each business problem we are trying to solve. Active projects include supply chain, claims lifecycle, payments, medical records, insurance, and other use cases.

• N/A • Hashed Health

Number Location Sector

Start Date Goal

Members Leaders


HYPERLEDGER HEALTHCARE WORKING GROUP• 5 • San Francisco, USA • Health Care • Oct-2016 • Discovery and exploration of healthcare-related blockchain use cases that address real

world problems. Initially, the group will focus on fundamental Distributed Ledger applications, such as establishing registries, interoperability and identities. Technical opportunities will also be discussed. In time, the discussion will expand to more advanced topics, such as smart contracts and process automation.

• Accenture, Gem, Hashed Health, Kaiser Permanente, IBM. • Hyperledger


Start Date Goal

Members Leaders


B3I• 5 • Zurich, Switzerland • Insurance • Oct-2016 • Explore the potential of distributed ledger technologies to better serve clients through faster, more convenient and secure

services. Streamline paper work and reconciliations for (re-) insurance contracts and accelerate information and money flows, while greatly improving auditability. Cooperate for a pilot project, using anonymized transaction information and anonymized quantitative data, in order to achieve a proof-of-concept for inter-group retrocessions by the use of the Blockchain technology. With this feasibility study, the founding members aim to explore whether Blockchain technology can be used to develop standards and processes for industry-wide usage and to catalyze efficiency gains in the insurance industry.

• Aegon, Allianz, Munich Re, Swiss Re, Zurich. • N/A


Start Date Goal

Members Leaders


PTDL GROUP• 40 • London, UK • Financial Services • May-2016 • Provide a trusted environment for key post-trade participants to collaborate and share

information for the best interests of our industry. The PTDL will undertake activities relating to how distributed ledger technologies will transform the post-trade landscape.

• CME Group, Euroclear, HSBC, the London Stock Exchange, UniCredit, LCH.Clearnet, Société Générale, UBS.

• Ernst & Young, Norton Rose Fulbright.


Start Date Goal

Members Leaders


ISO/TC 307• 15 • Australia • Standards • May-2016 • Standardisation of blockchains and distributed ledger technologies to support

interoperability and data interchange among users, applications and systems.

• 15 countries • Australia, ISO


Start Date Goal

Members Leaders


ISITC BLOCKCHAIN WORKING GROUP• 100 • London, UK • Standards • July-2016 • Assisting the financial services industry in the adoption of Blockchain

Distributed Ledger Technology. Proposing 10 blockchain benchmarks related to blockchain resilience, scalability, latency, data structure, auditability, governance, legal jurisdiction, regulation and software version control.

• European companies • ISTC


Start Date Goal

Members Leaders


KINAKUTA (SMART CONTRACTS SECURITY)• 35 • Brooklyn, New York, USA • Standards • Sept-2016 • Working group dedicated to improving smart contracts security.

• Developers and companies • Microsoft, ConsenSys.


Start Date Goal

Members Leaders


R3• 74 • New York, USA • Financial Services • 2014 • General purpose platform and technology to design and deliver advanced

distributed ledger technologies to the global financial markets.

• See this list: https://en.wikipedia.org/wiki/R3_(company) • R3 CEV


Start Date Goal

Members Leaders


CHINALEDGER ALLIANCE

• 11 China Standards & Regulation April-2016 Adapt and develop existing blockchain technology to the needs of Chinese businesses and set standards across the industry to ensure regulatory compliance in an environment where regulators are very positive, open and interested in blockchain technology. Shanghai Stock Exchange and others Wangxiang Blockchain Labs, Internet Securities Commission of the Securities Association of China (SAC).


Start Date Goal

Members Leaders


FINANCIAL BLOCKCHAIN SHENZHEN CONSORTIUM• 31 • Shenzhen, China • Financial Services • May-2016 • Communication tool for companies and a platform for information sharing concerning blockchain

studies. Performing joint research on the blockchain application and create collective projects for its testing in the financial sphere. Special projects include the development of a prototype of a blockchain platform for securities trading and exploration of related services for credit, digital asset registry and invoice management.

• Ping An Bank, SIno Safe General Insurance, Huawai, etc. (31 total) • Ping An.


Start Date Goal

Members Leaders


HYPERLEDGER FOUNDATION• 100 • San Francisco, USA • Standards & Platform • Dec-2015 • Open source collaborative effort created to advance cross-industry blockchain

technologies. It is a global collaboration including leaders in finance, banking, Internet of Things, supply chains, manufacturing and Technology. The Linux Foundation hosts Hyperledger as a Collaborative Project under the foundation.

• See this list: https://www.hyperledger.org/about/members • Linux Foundation, IBM, DAH.


Start Date Goal

Members Leaders


RUSSIAN BANKS CONSORTIUM• 7 • Russia • Financial Services • July-2016 • Development of blockchain proofs-of-concept, work on joint research and

policy outreach, and the creation of technology standards. Taking a proactive approach in working with domestic regulators and policymakers.

• QIWI, B&N Bank, Khanty-Manslysk, Otkritie Bank, Tinkoff Bank, MDM Bank, Accenture. • Bank of Russia


Start Date Goal

Members Leaders


ACCOUNTING CONSORTIUM• 7 • New York City, New York, USA • Accounting • Aug-2016 • Explore and to determine the value of a joint accounting and blockchain

industry consortium.

• XBRL, Microsoft, Deloitte, Ernst & Young, KPMG, PwC, ConsenSys. • Microsoft, ConsenSys.


Start Date Goal

Members Leaders


GLOBAL BLOCKCHAIN COUNCIL• 32 • UAE • Government • Feb-2016 • Help UAE authorities and corporations better understand this technology and consider its regulatory

implications. Also, will conduct pilot projects testing the readiness of markets to adopt digital currencies. • Du, SAP, IBM, TECOM, Dubai Holding, Privity FZ LLC, Vinay Gupta, Dubai Multi Commodities Centre (DMCC),

Emirates Islamic, Microsoft, Infosys, Cisco, Dubai International Financial Center (DIFC), Souq.com, EmirateNBD, Careem, Michael Mainelli, Mashreq, Wamda, Propertyfinder.com, Kraken, Umbrellab, AstroLabs, YellowPay, SmartStart Fund, BitOasis, Ethereum, Viktor Koenig LLC, Digitus, Network int, Smart Dubai Office and Dubai Smart Government.

• Dubai International Financial Centre Authority.


Start Date Goal

Members

Leaders


RIPPLE JAPANESE BANKS CONSORTIUM• 30 • Japan • Financial Services • Aug-2016 • Enable round-the-clock settlement at a significant cost reduction to its

members and their consumers. The consortium says banks will pay about 90% less in fees.

• SBI Holdings, the Bank of Yokohama and SBI Sumishin Net Bank. • SBI Ripple Asia.


Start Date Goal

Members Leaders


CULEDGER• 5 • USA • Financial Services • Sept-2016 • Investigating the viability of a private, permissioned distributed ledger that

can be used by credit unions.

• Cuna, Best Innovation Group, the Mountain West Credit Union Association, PSCU. • MWCUA


Start Date Goal

Members Leaders


SWISS INDUSTRY CONSORTIUM• 3 • Switzerland • Financial Services • Sept-2016 • Using blockchain technology for the facilitation of selling shares outside of a

stock exchange. Prototyping blockchain based real life trading of “OTC equity clearing, settlement and reporting.

• Swisscom, Swiss stock market, Zurich Cantonal Financial institution.


Start Date Goal

Members Leaders


FUND CHAIN• 10 • Luxembourg • Financial Services • Oct-2016 • Explore the potential of blockchain technology to improve efficiency and

create new business opportunities in the asset management industry. • BIL, BNP Paribas, CACEIS, European Fund Administration, HSBC, ING Luxembourg, Pictet, RBC

Investor & Treasury Services, Société Générale Bank & Trust, PricewaterhouseCoopers (PwC) Luxembourg.

• Scorechain


Start Date Goal

Members

Leaders


BLOCKRX PROJECT• N/A • Pennsylvania, USA • Pharmaceuticals • Feb-2016 • Verify and enhance the integrity of the drug supply chain and to accelerate

new drug development by leveraging the Blockchain to support and manage the Drug Development Lifecycle.

• N/A • iSolve


Start Date Goal

Members Leaders


DUTCH LOGISTICS GROUP• 16 • Netherlands • Transportation Logistics • Nov-2016 • Study how the distributed ledger technology can advance operations to

bolster efficiency and effectiveness, as well as reduce supply chain footprints.

• TKI Dinalog, TU Delft, ABN Amro, the SCF Community, the Port of Rotterdam, Royal FloraHolland, SmartPort, Windesheim, TNO, Centric, Exact, FBBasic & Cirmar, BeScope Solutions, NBK, Innopay and TransFollow.

• TKI Dinalog, TU Delft.


Start Date Goal

Members

Leaders


DIGITAL ASSET HOLDINGS• 15 • New York, USA • Financial Services • 2014 • Building distributed, encrypted straight through processing tools to improve

efficiency, security, compliance and settlement speed. • Deutsche Börse, Icap, JP Morgan, DTCC , ABN Amro, Accenture, ASX Limited,

BNP Paribas, Broadridge Financial Solutions, Citi, CME Ventures, Santander InnoVentures, IBM, Goldman Sachs and The PNC Financial Services Group.

• DAH


Start Date Goal

Members

Leaders


BLOCKCHAIN STUDY GROUP• 4 • Tokyo, Japan • Financial Services • Nov-2016 • Collaboratively testing the technology for uses in bank-to-bank payments. The

results of the specific trial disclosed today relate to the issuance of payments. Future testing will be widened to include the clearing and settlement of those transactions.

• Mizuho Financial Group, Inc., Sumitomo Mitsui Banking Corporation and Mitsubishi UFJ Financial Group, Inc.

• Deloitte Tohmatsu Group.


Start Date Goal

Members

Leaders


REVOLUTION 4• N/A • Utah, USA • Financial Services • Oct-2016 • Focus on blockchain solutions for small businesses.

• N/A • Overstock


Start Date Goal

Members Leaders


PROJECT JASPER• 8 • Toronto, Canada • Financial Services • Jun-2016 • Exploring the possibility of issuing, transferring and settling central bank-

issued assets on a distributed ledger network. • CIBC, Bank of Montreal, Royal Bank of Canada, TD Bank, Scotiabank, Bank of

Canada, Payments Canada, R3. • Payments Canada, Bank of Canada.


Start Date Goal

Members

Leaders


FCA SANDBOX PROJECT• 24 • London, UK • Financial Services • Jul-2016 • Aims to create a ‘safe space’ in which businesses can test innovative products, services,

business models and delivery mechanisms in a live environment without immediately incurring all the normal regulatory consequences of engaging in the activity in question.

• Billon, BitX, Blnk Innovaation Limited, Bud, Citizens Advice, Epiphyte, Govcoin Limited, HSBC, Issufy, Lloyds Banking Group, Nexday Property Limited, Nivaura, Otonomos, Oval, SETL, Tradle, Tramonex, Swave.

• Financial Conduct Authority


Start Date Goal

Members

Leaders

RESOURCES FOR FOLLOWING DEVELOPMENTS


Blog post

http://startupmanagement.org/?p=50107

Interactive Map


Google Sheet

https://docs.google.com/spreadsheets/d/1u9M3XuYeAfOZAHEMplcJrqC9QpJkIgOBhaq015Ed25A/edit?usp=sharing

http://startupmanagement.org/?p=50107





THANK YOUWILLIAM MOUGAYAR AUTHOR, THE BUSINESS BLOCKCHAIN

[email protected] 416-648-7010

STEEM & TWITTER: @WMOUGAYAR

STARTUPMANAGEMENT.ORG/BLOG

(C) 2016, ALL RIGHTS RESERVED.

mailto:[email protected]

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state of blockchain consortia by william mougayar - december 2016

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